Wheat Prices Fell Down In Rajasthan, Mp But Export Demand Causes Gain In Kanpur

NEW DELHI (Commodities control) Wheat prices extended losses in Rajasthan mandis as it was priced lower due to quality concerns. Private wheat stocks are depleting sharply so farmers and stockists are brining stock of lower quality grain. MP wheat prices also came down due to poor demand at higher prices. However, Kanpur market has registered price rise of Rs. 20 per quintal as Kolkata based exporters were buying wheat and shipping to Bangladesh through railway rakes.

Mill quality wheat slipped Rs. 25 per quintal in Kota mandis of Rajasthan. Other mandis also registered down fall in wheat prices. According to traders, stockists and traders already exhausted their stocks and farmers were also bringing wheat in last round. They are also running out their stock so quality of left over wheat caused for price fall. Traders said that ratio of Danki and rotten grains is going high. No buyer was ready to accept wheat with 3-4 percent damage. Therefore, buyers were pricing the arrival with great cautious. Exporters at Kandla port were also maintaining strict approach while accepting supplies. Many consignments of lower quality wheat were rejected at Kandla port. According to traders, the prices were consolidating. The trend may continue for few more days.

Wheat slipped Rs. 25 per quintal in Bhopal mandi as millers have reduced their buying prices. Wheat has soared in last 8-10 days due to strong demand flour millers and exporters. The millers were reluctant to rush for fresh buying at higher prices.

But Kanpur market has seed strong buying for loading railway rakes which are being sent to Kolkata. According to traders, Kolkata based exporters were buying wheat from Kanpur region. Exporters have got orders from Banladesh. Wheat prices remained stable in Delhi mandi.