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Festival Demand Drives Up Wheat Prices In Major Mandis Except Delhi

19 Oct 2020 5:31 pm
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NEW DELHI (Commodities control) Wheat prices zoomed today in various mandis of Rajasthan on strong demand from southern India and seed companies. Other mandis of producing states also noted upward trend due to same reason however, delhi mandis faced bearish because of high price with other states.


A trader from Kota mandi Mr. Uttam Jethwani told that strong festival demand was noticed from southern millers and local millers and other segment of buyers. Seed companies were also buying good quality wheat. Premium wheat recorded price rise of up to Rs. 50 per quintal. Most prevalent mill quality wheat became costlier by Rs. 25-40 per quintal. after around 3-4 months, wheat prices have breached a mark of Rs 1600 per quintal.



In Madhya Pradesh, wheat prices were reeling under glut supply, poor quality. But Today, lower range of prices which rule lower quality wheat improved slightly. Now, nobody was ready sell at Rs. 1450 per quintal, therefore lower price range recovered to Rs. 1475 per quintal. Slight recovery recorded in wheat price in mandis of UP also. However, the prices slipped in Delhi because local millers were buying wheat from adjoining mandis of Uttar Pradesh and Rajasthan where there were getting better value.


Commodity

Type/Variety

19-Oct

17-Oct

Change

Delhi

Wheat

Mill quality

1750-1760

1770-1780

-20

Kota, Rajasthan

Wheat

Mill quality

1630-1650

1590-1625

40

Wheat

Duplicate Sharbati

1700-1750

1650-1720

50

Wheat

PD

1650-1700

1650-1675

25

Bundi, Rajasthan

Wheat

Mill quality

1625-1640

1580-1610

45

Wheat

Duplicate Sharbati

1675-1725

1625-1675

50

Wheat

PD

1640-1675

1600-1650

40

Baran, Rajasthan

Wheat

Mill quality

1600-1630

1575-1600

30

Wheat

Duplicate Sharbati

1675-1725

1650-1700

25

Rajkot, Gujarat

Wheat

Mill quality

1625-1650

1600-1625

25

Indore, (M. P.) Bilty

Wheat

Mill quality

1590-1600

1575-1600

15

Bhopal (M. P.) Loose

Wheat

Mill quality

1475-1500

1450-1500

25

Kanpur (U.P.)

Wheat

Mill quality

1630-1640

1620-1640

10

Bareilly (UP)

Wheat

Mill quality

1640-1650

1630-1650

10

(By Commoditiescontrol Bureau: +91-22-40015505)


       
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