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Mixed Trend In Wheat Prices, Gain In Rajasthan But Decline In UP, MP

10 Sep 2020 5:33 pm
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NEW DELHI (Commodities control) Wheat prices recorded mixed trend in various markets of northern states. Wheat prices gained up to Rs 50 per quintal in Rajasthan but down trend was recorded in Madhya Pradesh and Uttar Pradesh. However, the traders don’t expect any big price rise.


Mill quality wheat gained Rs. 20 to Rs. 1570-1590 per quintal. Wheat of PD variety was sold Rs. 50 per quintal. Premium wheat soared up to Rs. 50 per quintal while mill quality wheat increased to Rs. 20 per quintal. According to the traders, demand from southern flour mills support mill quality wheat. Daily 2-3 train rakes (2650 tons in each) wheat is being loaded daily from Hadoti region (main markets Kota, Baran, Bundi). While, premium wheat gained because of regular demand from seed companies and limited supply.



But wheat prices could not sustain in Madhya Pradesh and Uttar Pradesh. Mill quality Wheat prices lost Rs. 75 per quintal in Indore, Rs. 50 in Bhopal. Kanpur and Bareilly markets also witnessed down fall of Rs. 25 per quintal. According to market sources, mills were reducing buying rate because they are getting sufficient demand for products. Wheat is unlikely to get any support at this juncture.


Commodity

Type/Variety

10-Sep

09-Sep

Change

Delhi

Wheat

Mill quality

1800-1825

1800-1825

0

Kota, Rajasthan

Wheat

Mill quality

1570-1590

1550-1575

20

Wheat

Duplicate Sharbati

1660-1700

1660-1700

0

Wheat

PD

1650-1675

1600-1640

50

Bundi, Rajasthan

Wheat

Mill quality

1550-1570

1550-1570

0

Wheat

Duplicate Sharbati

1650-1680

1660-1690

10

Wheat

PD

1600-1630

1650-1675

50

Baran, Rajasthan

Wheat

Mill quality

1560-1575

1550-1565

10

Wheat

Duplicate Sharbati

1650-1700

1650-1690

10

Rajkot, Gujarat

Wheat

Mill quality

1600-1620

1600-1620

0

Indore, (M. P.) Bilty

Wheat

Mill quality

1550-1600

1625-1650

-75

Bhopal (M. P.) Loose

Wheat

Mill quality

1500-1525

1550-1560

-50

Kanpur (U.P.)

Wheat

Mill quality

1715-1530

1725-1750

-20

Bareilly (UP)

Wheat

Mill quality

1700-1725

1725-1750

-25

Khanna, Punjab

Wheat

Mill quality

1675-1700

1675-1700

0

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


       
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