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India Grain: Spot wheat prices down on weak demand, steady arrivals

Friday, Sep 18, 2020

 

By Sampad Nandy

 

NEW DELHI – Prices of wheat fell in key spot markets today, while those of maize, bajra, and basmati paddy remained steady.

 

* Prices of WHEAT fell in Jaipur due to weak bulk demand amid steady supply, traders said. Prices declined in Indore as well.

 

* Arrivals of the foodgrain were steady at 2,500 bags (1 bag = 100 kg) in Indore. In Jaipur, arrivals were steady at 1,000 bags.

 

* MAIZE prices were steady in Purnea, a key spot market in Bihar, as demand from bulk buyers fell amid a decline in supply of the coarse grain, traders said.

 

* Arrivals were at 1,500 bags (1 bag = 100 kg) in Purnea, compared with 1,700 bags on Thursday.

 

* Prices in Nizamabad, too, were steady as demand from bulk buyers remained largely flat, traders said. Arrivals in Nizamabad were steady at 1,000 bags.

 

* On the National Commodity and Derivatives Exchange, however, the September contract closed 1% higher at 1,375 rupees per 100 kg.

 

* Price of the Pusa 1121 variety of BASMATI was flat because of demand-supply parity, traders said.

 

* Prices of BAJRA were steady, traders said.

 

* Following are highlights from trading in grain markets today:

 

Commodity

Market

Price/100 kg

Change

Wheat

Indore

1,690-1,700

(-)10-20
WheatJaipur

1,700-1,720

(-)20-30

Maize

Purnea

1,350-1,380

MaizeNizamabad

1,240-1,340

Pusa 1121 basmati paddyAmritsar

3,200-3,220

BajraJaipur

1,275-1,300

 

End

 

Edited by Subham Mitra

 

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This copy was first published on the Cogencis WorkStation

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