Weekly Review - Wheat

29-Mar-2025 07:24 PM

Wheat prices in Delhi fall due to arrival of new goods in producing states


📰 Weekly Wheat Market Review (March 22-28) 🌾

📍 New Delhi: Wheat prices fell sharply in Delhi due to the arrival of new stock from major producing states like Uttar Pradesh, Madhya Pradesh, and Rajasthan.

📊 Key Market Updates

📉 Price Trends

📉 Delhi: Fell ₹150 per quintal to ₹2680-2700 for UP, MP & Rajasthan wheat.
📉 Kota, Rajasthan: ₹2350-2600 per quintal due to heavy arrivals.
📉 Prices in most mandis are around or below MSP, improving government procurement chances.

📦 Wheat Arrivals (Daily Estimates in Sacks)

🌾 Delhi: 3,500-4,500 sacks (early week) → 10,000 sacks (later)
🌾 Rajkot, Gujarat: 10,000-15,000 sacks
🌾 Indore, MP: 6,000-8,000 sacks
🌾 Kota, Rajasthan: 30,000-40,000 sacks
🌾 Bundi, Rajasthan: 10,000-12,000 sacks
🌾 Gorakhpur, UP: 20,000 sacks
🌾 Kota (March 27): 50,000 sacks
🌾 Kota (March 28): 75,000 sacks

📢 More wheat arrivals expected to rise further.

📋 Government & Market Regulations

✅ Stock Limits Ending (March 31):

  • Private buyers must report stock levels weekly on the government portal.
    ✅ Procurement Target: 310 lakh tonnes
    ✅ Focus Regions: Punjab, Haryana, MP & Rajasthan
    ✅ Bonus for Farmers:

  • MP: Additional ₹175 per quintal

  • Rajasthan: Additional ₹150 per quintal
    ✅ Relaxation in quality norms for wheat procurement in Rajasthan.
    ✅ Traders focus on UP & Bihar for purchases.

📉 Market Outlook & Future Trends

🔹 Wheat arrivals will increase, keeping prices under pressure.
🔹 Govt procurement expected to be better than previous years.
🔹 Stock reporting rules will keep supply in check.
🔹 Traders closely watching price movements in Bihar & UP.

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