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Local Factors Guiding Wheat Prices, Delhi Reports Upside But Bareillly Downside

4 Aug 2020 3:34 pm
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NEW DELHI (Commoditiescontrol) Wheat Prices remain stable in mostly mandi in northern states of the country however local factors are influencing price for a while as per market sentiments. Like, wheat prices in Delhi’s Naya Bazar increased by Rs. 20 per quintal due to better demand for good quality wheat. Wheat was traded at Rs. 1880-1900 per quintal in Delhi markets. On the other hand, wheat in Bareilly of Uttar Pradesh fell down by Rs. 30 per quintal as wheat demand remained very weak in local markets. Flour mills in western Uttar Pradesh are taking cautious note as cheaper wheat from government’s stock is coming very soon. As per market sources, wheat demand in open market will slow down when cheaper wheat will hit the market. There was little or no trade in Rajasthan mandis due to lockdown to curb Covid-19 infection.

Commodity

Type/Variety

04-Aug

01-Aug

Change

Delhi

Wheat

Mill quality

1880-1900

1875-1880

20

Kota, Rajasthan

Wheat

Mill quality

1650-1670

1650-1670

0

Wheat

Lokwan

1700-1725

1700-1725

0

Wheat

PD

1675-1700

1675-1700

0

Bundi, Rajasthan

Wheat

Mill quality

1650-1665

1650-1665

0

Wheat

Lokwan

1700-1725

1700-1725

0

Wheat

PD

1660-1680

1660-1680

0

Baran, Rajasthan

Wheat

Mill quality

1640-1665

1640-1665

0

Wheat

Lokwan

1700-1725

1700-1725

0

Rajkot, Gujarat

Wheat

Mill quality

1700-1725

1700-1725

0

Indore, (M. P.) Bilty

Wheat

Mill quality

1750-1775

1750-1775

0

Bhopal (M. P.) Loose

Wheat

Mill quality

1625-1650

1625-1650

0

Kanpur (U.P.)

Wheat

Mill quality

1750-1760

1750-1760

0

Bareilly (UP)

Wheat

Mill quality

1725-1750

1750-1780

-30

Khanna, Punjab

Wheat

Mill quality

1750-1780

1750-1780

0


       
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