Grain prices hold steady nationwide

Grain prices remained largely unchanged across major spot markets on Friday, with traders expecting maize prices to strengthen in the coming weeks due to anticipated higher demand from the ethanol industry. 

 Wheat prices are likely to remain range-bound, while rice rates are expected to stay stable amid subdued export demand. Wheat prices in key markets such as Indore, Kota and Navi Mumbai remained unchanged as ample supplies and weak demand kept market sentiment subdued. Traders said farmers have increased wheat arrivals as they seek immediate cash for kharif sowing activities. However, demand remains limited to essential purchases, preventing any significant price movement. The availability of large wheat stocks with traders, millers and government agencies is also weighing on prices. According to official data, wheat stocks with the Food Corporation of India stood at 53.4 million tonnes as of June 1, significantly above buffer stock requirements.

  Maize Seen GainingMaize prices were steady across major markets, including Indore and Davanagere, but traders remain optimistic about future gains.