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Wheat Falls Further In Bhopal, Mixed Trend In Other Markets Amid Weak Demand

14 Sep 2020 6:06 pm
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NEW DELHI (Commodities control) Mixed trend prevailed in wheat prices in different markets of north India’s producing states. However, weak demand was common factor in all the market. Down fall in wheat prices continued on Bhopal in ‘Sub-1500 zone’. Wheat was traded as low as Rs. 1450 per quintal in Bhopal.

In Bhopal, wheat was sold in range of Rs. 1450-1475 per quintal. It has lost Rs. 25 per quintal from it’s previous price of Rs. 1475-1500 per quintal. Bhopal based trader Mr. Manohar Khandelwal said that total arrival in Bhopal division increased to 40,000 bags from normal arrival of abount 20000-25000 per quintal. wheat prices lost Rs. 20 at Rs. 1600-1610 per quintal (Bilty Rate) in Indore.

Wheat prices recorded mixed trend in Hadoti region (Kota, Bundi and Baran) of Rajasthan where mill quality wheat had positive trend. However, demand from flour mills was very weak. Even, mills from southern India were reluctant to buy big quantity. However, prominent agri-food company ITC was buying wheat regularly. According to estimate, the company is dispatching about one train rake (2650 MT) to it’s plants on daily basis. The company is buying wheat from numbers of mandis of Hadoti region and other nearby manids.

Wheat prices remained stable in other markets of the country. The prices was stable in Uttar Pradesh and Delhi. But weaker demand has effected market trend.

Commodity

Type/Variety

14-Sep

12-Sep

Change

Delhi

Wheat

Mill quality

1800-1825

1800-1825

0

Kota, Rajasthan

Wheat

Mill quality

1560-1580

1550-1575

10

Wheat

Duplicate Sharbati

1650-1700

1650-1700

0

Wheat

PD

1640-1680

1625-1660

-20

Bundi, Rajasthan

Wheat

Mill quality

1560-1575

1550-1570

10

Wheat

Duplicate Sharbati

1640-1680

1640-1660

20

Wheat

PD

1620-1630

1620-1660

10

Baran, Rajasthan

Wheat

Mill quality

1540-1560

1540-1560

0

Wheat

Duplicate Sharbati

1620-1670

1590-1625

45

Rajkot, Gujarat

Wheat

Mill quality

1580-1605

1590-1620

-15

Indore, (M. P.) Bilty

Wheat

Mill quality

1600-1610

1620-1625

-20

Bhopal (M. P.) Loose

Wheat

Mill quality

1450-1475

1475-1500

-25

Kanpur (U.P.)

Wheat

Mill quality

1660-1650

1660-1650

0

Bareilly (UP)

Wheat

Mill quality

1650-1675

1650-1675

0

Khanna, Punjab

Wheat

Mill quality

1650-1675

1650-1675

0

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


       
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