Supplies fell in the benchmark market of Purnea in Bihar, the largest producer of rabi maize in the country, as most farmers have already sold their crops, and the remaining supplies were being hit by rains. In Purnea, prices rose by 10-15 rupees. The most active August maize contract also ended higher on the NCDEX due to low supply in spot markets and firm demand. The contract ended up 0.4% from the previous close.
India Demand for wheat improves in Delhi post GST.
Demand for wheat in the major wholesale markets of Delhi, which had stalled before the implementation of goods and services tax, picked up, as clarity regarding the new tax regime improved. Unbranded wheat has been kept under the 0% tax slab under the new tax regime, while packaged and branded wheat is at 5%. In Delhi, mill quality wheat was sold up 30-40 rupees from previous close.