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Sluggish Trend Prevails In Wheat Prices In Rajasthan And MP, Arrival Mounting

8 Mar 2021 4:08 pm
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NEW DELHI (Commodities control) Wheat prices were noted in sluggish mode in many market as millers’ demand was weak due to poor sale of wheat products like Maida, Sooji and Atta. Heavy arrival in Madhya Pradesh also dampened market sentiments. New wheat arrival crossed 1.5 Lakh bags in the state. The arrival was picking up in Rajasthan also.



Wheat prices slipped in Kota, Rajkot and Indore mandis as demand was weak. The prices slipped Rs. 25 per quintal.in these mandis. Muted trend noticed in other mandis. Traders said that majority of mandis noted poor demans. A trader said that millers were getting poor demand for wheat products. As temperature is rising, consumption of Maida based food products is likely to decline.



In MP mandis, wheat arrival breached a mark of 1.5 Lakh bags. Bhopal division received around 30,000 bags of wheat. The arrival reached to 15000 bags in Indore mandis. New wheat arrival was increasing in Rajasthan mandis also. Around 50 percent new wheat received in Hadouti region of Rajasthan. Total arrival was estimated at 14,0000 bags. Baran mandis received 4000 bags of new wheat out of total 6000 bags.



A Delhi trader said that wheat prices were not getting support as millers are facing lower demand of wheat products. States other than MP and Rajasthan are not getting new wheat arrival so quality of old wheat and market specific demand and supply were key factors for prices fixation. Mill quality wheat was traded up Rs. 10 to Rs. 1710-1720 per quintal.


Market

Wheat Variety

08-Mar

06-Mar

Change

Delhi

Mill quality

1840-1850

1840-1850

0

Kota, Rajasthan

Mill quality

1600-1625

1620-1650

-25

Duplicate Sharbati

1650-1725

1650-1725

0

Bundi, Rajasthan

Mill quality

1600-1625

1600-1620

5

Duplicate Sharbati

1650-1675

1650-1675

0

Baran, Rajasthan

Mill quality

1600-1625

1600-1620

5

Mill quality- New

1600-1700

1600-1700

0

Dupl. Sharbati

1650-1700

1650-1700

0

Dupl Sharbati-New

1750-2050

1750-2050

0

Rajkot, Gujarat

Mill quality (Bilty)

1800-1825

1800-1850

-25

Indore, (M. P.) Bilty

Mill quality

1725-1750

1750-1775

-25

Bhopal (MP) Loose

Mill quality

1700-1725

1700-1725

0

Lok-1

1850-2000

1850-2000

0

1544

1900-2000

1900-2000

0

Annapurna

1900-2000

1900-2000

0

Kanpur (U.P.)

Mill quality-Ex Mill

1690-1700

1690-1700

0

Bareilly (UP)

Mill quality

1710-1720

1700-1710

10

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


       
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