Maize
• Maize Gulabbagh prices traded in the price band of Rs. 2270 to 2300 over the previous week.
• Delayed maize sowing coupled with a slowdown in daily arrivals are supporting the prices
• Kharif maize sowing is completed on 31.84 Lakh Ha, down by 24% from the previous year.
• IMD forecasts widespread to fairly widespread rainfall in the next few days across the key Kharif maize sowing regions which would boost the sowing pace.
• Maize prices would trade sideways to firm in the price band of Rs. 2270 – 2320/quintal.

Wheat
• Wheat Delhi prices traded in the price band of Rs. 2300-2340 in the previous week.
• Prices have ended the month-long consolidation and moved northwards on the back of steady demand and tight supplies.
• Wheat procurement as of 4th July was 187.89 lakh MT, lower by 57% y-o-y.
• Wheat Delhi prices would trade firm in the price band of Rs.2300 – 2350 in the near term.

Rice
• Rice-1121 Sella white prices traded flat on a w-o-w basis at Rs.8500/quintal.
• Paddy planting is completed on 72.24 Lakh Ha, down by 24% from the previous year.
• Paddy procurement by Govt. as of 4th July reached 864.33 Lakh MT and Rice procurement reached 580.61 Lakh MT.
• Prices would trade firm in the price band of Rs.8500 – 8700/quintal in the near term

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