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Wheat Prices Crash In Across Markets As Products’ Demand Very Weak

9 Sep 2020 5:39 pm
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NEW DELHI (Commodities control) Wheat prices crashed today in across the markets. Premium variety wheat fell down up to Rs. 60 while mill quality wheat lost up to Rs. 25 per quintal. According to market sources, poor demand for Atta, Maida and Sooji dampen market sentiments. Flour mills were not willing to buy wheat at higher prices.


Mill quality wheat fell down up to Rs. 25 per quintal in Delhi, Kota, Bundi, Baran, Indore, Bhopal, and Bareilly. Premium wheat of Duplicate Sharbati and PD also lost up to Rs. 60 per quintal in Bundi, Baran and Kota. According to a traders, flour mills are running on very thin margin due to lower demand therefore they were not willing to buy wheat at higher price. Price hike of Rs. 10-20 for wheat dampens demand. The traders expect better demand from flour products during forthcoming festival season. However, the market is keeping it’s eye on governemnt’s free and highly subsidized wheat distribution scheme which will be continued till November if the government’s does not extend. Wheat price rise will not be possible if the scheme is extended.


Commodity

Type/Variety

Today Price

Last Price

Change

Delhi

Wheat

Mill quality

1800-1825

1825-1850

-25

Kota, Rajasthan

Wheat

Mill quality

1550-1575

1570-1590

-20

Wheat

Duplicate Sharbati

1660-1700

1700-1740

-40

Wheat

PD

1600-1640

1625-1660

-25

Bundi, Rajasthan

Wheat

Mill quality

1550-1570

1570-1590

-20

Wheat

Duplicate Sharbati

1650-1680

1680-1730

-50

Wheat

PD

1600-1630

1640-1660

-40

Baran, Rajasthan

Wheat

Mill quality

1550-1565

1550-1690

-15

Wheat

Duplicate Sharbati

1650-1690

1700-1750

-60

Rajkot, Gujarat

Wheat

Mill quality

1600-1620

1600-1620

0

Indore, (M. P.) Bilty

Wheat

Mill quality

1625-1650

1650-1675

-25

Bhopal (M. P.) Loose

Wheat

Mill quality

1550-1560

1560-1575

-15

Kanpur (U.P.)

Wheat

Mill quality

1725-1750

1725-1750

0

Bareilly (UP)

Wheat

Mill quality

1725-1750

1750-1775

-25

Khanna, Punjab

Wheat

Mill quality

1675-1700

1675-1700

0

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


       
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