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Wheat Prices Decline In Rajasthan And UP, Flooding May Cause Further Fall

12 Sep 2020 5:49 pm
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NEW DELHI (Commodities control) Wheat market is slipping from the ground. The prices fell down by up to Rs. 75 per quintal in various mandis. According to market sources, demand was falling day by day. Flour mills were reducing buying prices, while arrival was as usual. Even some market were facing higher arrival pressure also.



Most prevalent mill quality wheat fell down slipped by Rs. 50 per quintal while it was sold below Rs. 30 per quintal from last closing price. In Kanpur, the prices were ruling between Rs. 1650-1675 per quintal. Mill quality wheat could not improve in Bhopal and it was sold at previous level. Wheat broke the level of Rs. 1500 per quintal on Friday. Premium quality 4037 variety wheat (Duplicate Sharbati) lost Rs. 75 per quintal in Baran mandi of Rajasthan.



According to the traders, lower demand for products caused for falling prices of wheat. No improvement is possible until product demand does not get support. Flooding of wheat was also feared in market when farmers will have to sell their stock. They have to sell to
rotten wheat from insects which developed in rainy season due to high moisture in atmosphere. So, further price fall can not be ruled out.

Commodity

Type/Variety

12-Sep

11-Sep

Change

Delhi

Wheat

Mill quality

1800-1825

1800-1825

0

Kota, Rajasthan

Wheat

Mill quality

1550-1575

1550-1575

0

Wheat

Duplicate Sharbati

1650-1700

1650-1700

0

Wheat

PD

1625-1660

1650-1675

-25

Bundi, Rajasthan

Wheat

Mill quality

1550-1570

1560-1590

-20

Wheat

Duplicate Sharbati

1640-1660

1660-1690

-30

Wheat

PD

1620-1660

1640-1680

-20

Baran, Rajasthan

Wheat

Mill quality

1540-1560

1560-1575

-20

Wheat

Duplicate Sharbati

1590-1625

1650-1700

-75

Rajkot, Gujarat

Wheat

Mill quality

1590-1620

1600-1620

-30

Indore, (M. P.) Bilty

Wheat

Mill quality

1550-1600

1550-1600

0

Bhopal (M. P.) Loose

Wheat

Mill quality

1475-1500

1475-1500

0

Kanpur (U.P.)

Wheat

Mill quality

1650-1675

1700-1725

-50

Bareilly (UP)

Wheat

Mill quality

1700-1725

1700-1725

0

Khanna, Punjab

Wheat

Mill quality

1650-1675

1675-1700

-25

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


       
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