Maize prices steady in Davanagere of Karnataka. Prices likely to ease as harvesting of new crop begun in Tamilnadu as supply increases and demand from Tamilnadu as supply increases and demand from Tamilnadu likely to drop.
Wheat prices fell in Indore by Rs.50 per quintal due to low demand from millers. Prices steady in Kota. Wheat prices easing after Government measures such as selling on OMSS and lowering stock holding limits with traders and stockiests. According to USDA, December estimates India’s wheat production is at 110.55 million tons and consumption at 108.65 million tons and closing stock at 11 million tons.