New Delhi. After the Central Government on Tuesday, August 26, reduced the quantity level under the storage limit (stock limit) of wheat for wholesalers/stockists, retail traders, big chain retailers and processors, the wholesale market price of this important food grain softened slightly. Wheat supply in the markets is happening normally and the fall in prices is also not very big.

In the mandis of Uttar Pradesh also, the price of wheat fell by up to Rs 40 per quintal. The interesting fact is that this softening in the wheat market at the national level is not being considered as the effect of reduction in stock limit but the normal movement of the market. Often the price of wheat fluctuates by Rs 25-50 per quintal.

About 6000-6500 sacks of wheat were supplied to Delhi daily, whereas irregular arrivals are being made in the mandis of Madhya Pradesh. But the supply situation in the mandis of Uttar Pradesh is better. There, the farmers had kept the stock of wheat in the hope of getting higher prices in future, but now in view of the government rule, the possibility of a huge increase in prices is diminishing. Auction sale of wheat through OMSS from Central Pool can start anytime.