Wheat Price: Despite the ban on export, the price of wheat is not decreasing, the rate reached Rs 3200 in Karnataka

On May 13, the central government had banned the export of wheat to prevent inflation. Despite this, the price of wheat in many states (Wheat Price) is not taking the name of being less. The price of wheat is making a record in Karnataka and Gujarat. In the capital Delhi, the price of wheat is up to Rs 2,270 per quintal, while in Karnataka its price has reached Rs 3200 per quintal. Commodity market experts say that the demand for wheat will remain in the open market, as production has decreased in India and exports are high. In such a situation, its price will remain from Rs 2500 to Rs 2600 per quintal. In wheat producing countries like Australia, Ukraine and European Union, due to decrease in production, the supply of wheat in the foreign market may remain short.

These days the rate of wheat is high in Karnataka. In the Bidar mandi here, on June 20, the maximum price was 3200 while the average rate was Rs 2800 per quintal. On the other hand, the minimum price of wheat in Bijapur mandi was Rs 2500 per quintal. The maximum price was Rs 2800 while the average rate was Rs 2650. On the other hand, in Mehkar Mandi of Buldhana, Maharashtra, the minimum rate was 2300, maximum 2700 while the average price was Rs 2500 per quintal. Whereas MSP 2015 is Rs. The reasons for keeping wheat prices firm are the fall in wheat production year-on-year due to scorching heat, weak government stock and slowdown in procurement.

how much is the stock of wheat

As on June 1, the stock of wheat in the central pool stood at 31.14 million metric tonnes, down 48.3 per cent year-on-year. This is the lowest since June 2008, at which time the stock in the central pool was 24.12 million metric tonnes. According to an estimate, the wheat stock with the FCI by March 2023 will be around 12.9 million metric tonnes, which is 5.4 million metric tonnes more than the buffer stock norms.

Yield decreased, government procurement not completed

This year, severe heat wave in North India badly affected the production of wheat. This reduced production. The government had earlier estimated wheat production at 111.32 million tonnes, which has now been reduced to 105 million tonnes. This is an important reason for the increase in the price of wheat in the country. Also, due to the Russo-Ukraine war, we exported more than we needed.

Because of this, the price of wheat in the market was higher than the MSP. Because of which farmers sold wheat to the private sector instead of the government. As a result, the 444 lakh metric target had to be revised to 195 lakh tonnes. That is why till June 19, only 187.83 lakh tonnes have been procured.

Wheat Price in Gujarat, Maharashtra

  • In Bhavnagar mandi on June 20, the minimum price of wheat was Rs 2250 while the average rate was Rs 2750 per quintal.
  • In Gujarat’s Amreli Mandi, the minimum price was Rs.1980, the maximum was Rs.2675, while the average rate was Rs.2485 per quintal.
  • In Mehsana here, the minimum price of wheat was 1850, maximum 2550 while the average rate was Rs 2350 per quintal.
  • In Maharashtra’s Jalna, the minimum price was Rs 1920, maximum 2600 while the average rate was Rs 2500 per quintal.
  • In Nashik’s Nandgaon Mandi, the minimum price was 2034, maximum 2600 while the average rate was Rs 2251 per quintal.

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