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Wheat Trade Affected amid Second Wave Of Corona, Prices Down In Indore, Bareilly

24 Nov 2020 3:41 pm
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NEW DELHI (Commodities control) Wheat prices remained stable in most of the markets, barring Indore and Bareilly because of demand worries amid next wave of Covid-19. Bareilly and Indore market witnessed down fall of up to Rs. 25 per quintal on weak demand. Bearish mood gripped the market due to rising cases of Covid-19 infections.


Wheat prices were steady in Delhi at Rs. 1870-1880 per quintal. Other market also registered stable trend due to poor demand and limited trade. The prices eased from Rs. 1625-1650 to Rs. 1600-1625 per quintal in Indore and the down from Rs. 1670-1680 to Rs. 1660-1680 per quintal in Bareilly. A trader told us that weak demand is weighing on prices.


Millers, stockists were cautious with fresh buying due to surge in Corona cases. Surge in corona cases in global markets is feared to impact prospects of economic recovery. But domestic picture of Covid is equally grim that may likely lead to new restrictions and lockdowns. Few states including Rajasthan imposed night curfew which will impact normal activities and trade.


Commodity

Type/Variety

24-Nov

23-Nov

Change

Delhi

Wheat

Mill quality

1870-1880

1870-1880

0

Kota, Rajasthan

Wheat

Mill quality

1600-1630

1600-1630

0

Wheat

Duplicate Sharbati

1675-1725

1675-1725

0

Wheat

PD

1640-1700

1640-1700

0

Bundi, Rajasthan

Wheat

Mill quality

1580-1610

1580-1610

0

Wheat

Duplicate Sharbati

1675-1700

1675-1700

0

Wheat

PD

1670-1710

1670-1710

0

Baran, Rajasthan

Wheat

Mill quality

1600-1620

1600-1620

0

Wheat

Duplicate Sharbati

1675-1750

1675-1750

0

Rajkot, Gujarat

Wheat

Mill quality

1680-1700

1680-1700

0

Indore, (M. P.) Bilty

Wheat

Mill quality

1600-1625

1625-1650

-25

Bhopal (M. P.) Loose

Wheat

Mill quality

1450-1475

1450-1475

0

Kanpur (U.P.)

Wheat

Mill quality

1640-1650

1640-1650

0

Bareilly (UP)

Wheat

Mill quality

1660-1680

1670-1690

-10

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


       
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