Login ID:
Password:
Partner Login
Contact Us : 7066511911

Wheat Prices Weaken On Poor Demand, But Traders Expect Recovery

23 Nov 2020 4:14 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) Wheat prices slipped in mostly spot markets of the country. However, the food grain increased in Delhi. The market yet to receive normal demand. Millers were not buying wheat sufficiently because of weak demand of wheat products. But the traders expect price recovery in the days to come.


Delhi based trader Mr. Rajesh Jain told that wheat prices were likely to gain in next month. The demand will increase gradually. Traders in other markets also expect the same. Bhopal based trader told that current demand was weak therefore wheat prices slipped by Rs. 25 per quintal. But the prices can turn it’s direction if demand will increase. Currently, wheat prices have seed bearish trend in Kota, Bundi, Barana, Rajkot and Kanpur markets also.


Commodity

Type/Variety

23-Nov

21-Nov

Change

Delhi

Wheat

Mill quality

1870-1880

1860-1870

10

Kota, Rajasthan

Wheat

Mill quality

1600-1630

1620-1650

-20

Wheat

Duplicate Sharbati

1675-1725

1675-1725

0

Wheat

PD

1640-1700

1640-1700

0

Bundi, Rajasthan

Wheat

Mill quality

1580-1610

1600-1630

-20

Wheat

Duplicate Sharbati

1675-1700

1675-1700

0

Wheat

PD

1670-1710

1670-1710

0

Baran, Rajasthan

Wheat

Mill quality

1600-1620

1610-1635

-15

Wheat

Duplicate Sharbati

1675-1750

1675-1750

0

Rajkot, Gujarat

Wheat

Mill quality

1680-1700

1700-1715

-20

Indore, (M. P.) Bilty

Wheat

Mill quality

1625-1650

1650-1675

0

Bhopal (M. P.) Loose

Wheat

Mill quality

1450-1475

1475-1500

-25

Kanpur (U.P.)

Wheat

Mill quality

1640-1650

1640-1660

-10

Bareilly (UP)

Wheat

Mill quality

1670-1690

1670-1690

0

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


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Wheat Prices Increase Further On Domestic, Export Deman...
Sharp Rise In Rajasthan Wheat On Export Demand, Touches...
Indian Rice Export Prices Hold Steady, Thai Rates Hit...
Wheat Prices Rise In Delhi, Bhopal & Bareilly As Flour ...
Wheat Prices Dip In Rajasthan; Poor Demand, Quality Iss...
more
Top 5 News
Bearish Trend Continues In Guar Gum, Seed Despite Lower...
Spot Mustard Seed Prices Extend Losses As Bearish Trend...
A.P-Telangana Cotton Steady for Second Straight Session...
Sugar Dips In Delhi As Millers Reduce Prices, But Botto...
Spot Cotton Rates Weak-to-Steady Across Major Markets T...
Top 5 Special Reports
USD/INR (Jan 21) Weak Price Trend / Next Target at 7...
USD/INR (Jan 21) Weak Price Trend / Next Support at ...
USD/INR (Jan 21) Weak Price Trend / Next Support at ...
USD/INR (Jan 21) Weak Price Trend / Next Support at ...
Weekly: Moong-White Pea Edges Higher, Tur-Masoor Soften...
Copyright © CC Commodity Info Services LLP. All rights reserved.