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New Wheat Arrival Reduced In MP As Farmers Wait For Government’s Procuremnt

23 Feb 2021 4:23 pm
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NEW DELHI (Commodities control) Mixed price trend prevailed in spot wheat trade in producing states of northern India. New wheat arrival reduced in Indore and other ajoining mandis as farmers preferred to sell their crop to government on MSP of Rs. 1975 per quintal. But the prices remained stable in Indore mandis. But old wheat gained in Rajasthan mandis. The prices declined in Kanpur mandis and steadied in other markets.



According to traders, farmers were unwilling to sell their wheat crop at current prices which are about Rs. 300 per quintal cheaper than MSP. They preferred to hold their crop so they can sell it to the government. The government yet to begin procurement in Madhya Pradesh, while arrival began about two week ago. Wheat arrival reduced to from 50,000 bags to 35000 bags in across the region of MP. A trader from Indore mandi Navneet Joshi said that local arrival halved to 1500 bags in Indore as farmers wanted to wait for government’s procurement. Some areas of Bhopal division are also receiving new wheat which was estimated to around 12,000 bags out of total 35000 bags in the states. New wheat was sold at Rs. 1700-2100 per quintal as per quality and variety. Lok-1 wheat was priced not lower that 1800 per quintal. However, old wheat was traded stable in Bhopal mandis.



Old wheat gained in Rajasthan mandis where local and regional demand was better. The prices gained in mandis of Hadouti region because of better demand from adjoining areas of MP. Recently, Mandi tax increased from 0.50 percent to 1.70 percent in MP so tax disparity reduced with Rajasthan. Earlier, the demand was diverted to MP mandis due to higher Mandi tax (2.6 percent) in Rajasthan.



Mill quality wheat slipped Rs. 10 to Rs. 1670-1680 per quintal in Kanpur mandis due to weaker demand. But the price remained steady in Delhi and Bareilly. Market sentiments were bearish in across the region ahead of peak arrival in further months.

Market

Wheat Variety

23-Feb

22-Feb

Change

Delhi

Mill quality

1910-1920

1910-1920

0

Kota, Rajasthan

Mill quality

1580-1620

1575-1610

10

Duplicate Sharbati

1625-1675

1630-1675

5

Bundi, Rajasthan

Mill quality

1560-1620

1550-1575

45

Duplicate Sharbati

1625-1650

1600-1640

25

Baran, Rajasthan

Mill quality

1580-1610

1550-1600

30

Duplicate Sharbati

1625-1660

1630-1660

5

Rajkot, Gujarat

Mill quality (Bilty)

1750-1780

1750-1770

10

Indore, (M. P.) Bilty

Mill quality

1750-1775

1750-1775

0

Bhopal (M. P.) Loose

Mill quality

1650-1675

1650-1675

0

Kanpur (U.P.)

Mill quality-Ex Mill

1670-1680

1680-1690

-10

Bareilly (UP)

Mill quality

1710-1720

1710-1720

0

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


       
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