Weekly Review - Wheat
24-May-2025 09:32 PM
Limited fluctuations in wheat prices due to weak arrival and business
New Delhi. Although unusual rise and fall in wheat prices was seen in Dewas and Ujjain of Madhya Pradesh during the week of 17-23 May, its prices in the markets of other states were limited. Actually, the arrival of wheat in the markets has started decreasing and the pace of its buying remains sluggish.
Delhi
During the week under review, the price of wheat improved by Rs 5 to Rs 2745/2750 per quintal in Delhi and increased by Rs 30 to Rs 2470/2880 per quintal in Indore, while in Dewas it decreased by Rs 250 to Rs 2500/2650 per quintal. On the other hand, the price of wheat in Ujjain jumped by Rs 390 to Rs 2425/3000 per quintal. In other markets of the state, the price either remained stable or there was minor fluctuation in it. The process of government procurement of wheat has ended in Punjab and Haryana and in Madhya Pradesh too, its procurement is practically non-existent or negligible. But procurement is continuing in Rajasthan and Uttar Pradesh.
Incoming
50 thousand sacks of wheat arrived in Kota Mandi of Rajasthan on 17 May, which later reduced to 20-25 thousand sacks. There, its price fell by 50 rupees to Rs 2450/2650 per quintal. In Bundi Mandi, the price of wheat remained stable at Rs 2500/2600 per quintal with daily arrival of 10-20 thousand sacks.
Uttar Pradesh
As far as Uttar Pradesh is concerned, wheat is arriving well in some mandis, but due to high prices, government agencies are not getting much success in increasing its procurement. About 5 thousand sacks of wheat arrived daily in Shahjahanpur Mandi and due to weak demand its price fell by 90 rupees to 2445 rupees per quintal which is 20 rupees more than the minimum support price of 2425 rupees per quintal.
Arrival
Average daily arrival of wheat was 18-20 thousand sacks in Hardoi Mandi, 5-8 thousand sacks in Sitapur, 8-10 thousand sacks in Gorakhpur, 4-5 thousand sacks in Gonda, 4-5 thousand sacks in Mainpuri and 2-3 thousand sacks in Etah Mandi and its price increased by 20 to 50 rupees per quintal.