Login ID:
Password:
Partner Login
Contact Us : 7066511911

Wheat Eases in Rajasthan Due To Quality Issues, But Gains In Rajkot

2 Mar 2021 3:46 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commodities control) Mixed trend prevailed in wheat prices in mandis of producing states. The prices eased in Rajasthan due to poor quality, but wheat gained in Rajkot mandi of Gujarat. The prices remained stable in Madhya Pradesh, but fell down in Kanpur and Delhi. New arrival crossed the mark of one lakh bags in MP mandis. New wheat arrival was about 1000 bags in Rajasthan mandis.



According to traders in Rajasthan, old wheat quality was now up to the standard so buyers were lowering buying prices. However, they were buying old wheat as it will be better for consumption in next few months. Wheat prices slipped up to Rs. 15 per quintal in Kota and Bundi. New wheat was traded bearish at Rs. 16509-1780 per quintal. New arrival was around 1000 bags from early wheat crop. New wheat also lost Rs. 20 per quintal due to higher moisture and other quality issues.



But Rajkot mandi noted increase of Rs. 20 per quintal in mill quality wheat prices as export demand was better. They have begun purchase of Kandla port delivery new wheat. Exporters were buying wheat at about Rs. 1910 per quintal (net price for Ex-Kandla).



New wheat arrival increased over one lakh bags in MP mandis. But the prices were noted at previous level. Local millers, stockists, southern buyers and exporters were buying wheat at they consider current prices very attractive. Now, old wheat arrival reduced to negligible and new arrival became dominant. Old what eased down in Delhi and Kanpur due to limited demand and bearish sentiments due to new arrival in neighbouring states.


Market

Wheat Variety

02-Mar

01-Mar

Change

Delhi

Mill quality

1850-1860

1850-1870

-10

Kota, Rajasthan

Mill quality

1600-1625

1600-1630

-5

Duplicate Sharbati

1625-1675

1640-1690

-15

Bundi, Rajasthan

Mill quality

1590-1620

1600-1625

-10

Duplicate Sharbati

1625-1660

1640-1675

-15

Baran, Rajasthan

Mill quality

1600-1625

1600-1620

5

Duplicate Sharbati

1650-1700

1650-1700

0

Rajkot, Gujarat

Mill quality (Bilty)

1800-1850

1800-1830

20

Indore, (M. P.) Bilty

Mill quality- New

1750-1775

1750-1775

0

Bhopal (M. P.) Loose

Mill quality

1700-1725

1700-1725

0

Kanpur (U.P.)

Mill quality-Ex Mill

1675-1685

1690-1700

-15

Bareilly (UP)

Mill quality

1710-1720

1710-1720

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
Indian Rice Export Rates Dip, Vietnam Prices Touch 5 ...
FranceAgriMer Raises 2020/21 Wheat Export forecast, kee...
Punjab wheat procurement 1.78 Lacs MT on third day
IKAR Raises Forecast for Russia's 2021 Wheat Crop
China's Wheat Sale from State Reserves Fall after Gover...
more
Top 5 News
CBOT Close: CBOT Soybean close higher on fear of less a...
ICE Cotton Ends with Triple Digit Losses, Posts Triple ...
ICE Raw Sugar Settled at 1.5 Month Highs amid Fund Buyi...
Oilseeds Update: Additional 3% Margin to be imposed on ...
Chana Extends Gain in Spot Mkts Tracking Firm Futures, ...
Top 5 Special Reports
Crisis in Mozambique Could Mean Trouble for India's Foo...
Cotton Yarn Prices to Resume Northward Rally; Expanding...
Weekly: Most Pulses Rise Over the Week Amid Mill Purcha...
Weekly: NY Cotton Gains For the First Time in Seven We...
Weekly: NY Sugar Ends Positive on Brazil Weather Concer...
Copyright © CC Commodity Info Services LLP. All rights reserved.