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Wheat Prices Fell Down In UP And MP, Bangladeshi Buying Prices Also Lowered

21 Nov 2020 4:29 pm
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NEW DELHI (Commodities control) Wheat prices slipped by up to Rs. 50 per quintal in Uttar Pradesh and other eastern states because of lower demand from local and export market. Lower export demand from Bangladesh dragged wheat export price (Ex. Bangladesh CIF) by Rs. 70-75 per quintal. Few markets of Rajasthan and Madhya Pradesh also witnessed downfall in wheat prices.



Subdued demand was common factor for all the markets. Wheat prices fell down by Rs. 50 per quintal in Kanpur. Bhopal market witnessed price fall of Rs. 25 per quintal. The prices came from Rs. 1680-1700 to Rs. 1670-1690 per quintal in Bareilly. Wheat trader Mr. Raju Khandelwal from Bareilly told that demand was weak not only in domestic market but also Bangadeshi export market which is major land connected foreign market for Indian exporters. Wheat prices (CIF Ex Bangladesh) fell down to Rs. 1975-1980 per quintal, while the prices were ruling at Rs. 2050-2060 per quintal 3-4 days back. Bangladeshi buyers were ready for buying at lower price due to poor products demand. It was similar issue in Bhopal where millers reduced buying prices by Rs. 25 per quintal because of lower demand of wheat products.



However, mixed trend was noticed in Rajasthan where the prices gained slightly due to lower arrival in weekend. Delhi market also recorded price hike of Rs. 10 per quintal. It was quoted at Rs. 1860-1870 per quintal.


Commodity

Type/Variety

21-Nov

20-Nov

Change

Delhi

Wheat

Mill quality

1860-1870

1850-1860

10

Kota, Rajasthan

Wheat

Mill quality

1620-1650

1620-1650

0

Wheat

Duplicate Sharbati

1675-1725

1675-1725

0

Wheat

PD

1640-1700

1640-1700

0

Bundi, Rajasthan

Wheat

Mill quality

1600-1630

1610-1640

-10

Wheat

Duplicate Sharbati

1675-1700

1650-1700

25

Wheat

PD

1670-1710

1650-1675

35

Baran, Rajasthan

Wheat

Mill quality

1610-1635

1600-1625

10

Wheat

Duplicate Sharbati

1675-1750

1675-1750

0

Rajkot, Gujarat

Wheat

Mill quality

1700-1715

1700-1715

0

Indore, (M. P.) Bilty

Wheat

Mill quality

1650-1675

1650-1675

0

Bhopal (M. P.) Loose

Wheat

Mill quality

1475-1500

1500-1525

-25

Kanpur (U.P.)

Wheat

Mill quality

1640-1660

1690-1700

-50

Bareilly (UP)

Wheat

Mill quality

1670-1690

1680-1700

-10

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


       
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