Mandi Updates: Wholesale Wheat Prices Drop on New Arrivals

The wholesale prices of wheat fell across the benchmark markets in India, according to the data from the Agmarknet portal run by the Union Ministry of Agriculture and Farmers Welfare. The prices fell on new arrivals in the market.

In Rajasthan and Madhya Pradesh, the two largest wheat-producing states, the month-on-month wholesale prices dropped in February. In Rajasthan, the wholesale prices fell by Rs 118 per quintal to Rs 2,438, and those in Madhya Pradesh fell by Rs 140 per quintal to Rs 2,370. 

Wheat prices in Karnataka saw the largest fall of Rs 618 per quintal to Rs 3,306, followed by a Rs 242 per quintal fall in Chhattisgarh to Rs 2,267. In Haryana, the prices dropped by Rs 100 per quintal to Rs 2,200. Other regions saw a marginal fall in wholesale prices. The average wholesale price of wheat in the country dropped by Rs 148.33 per quintal to Rs 2,498.92.

In Bihar, the prices plummeted by Rs 7 per quintal to Rs 2,536, and in West Bengal only by Rs 6 per quintal to Rs 2,464. In Delhi, the fall was of a significant Rs 40 per quintal to Rs 2,513. However, in Uttarakhand, the wholesale wheat prices increased by Rs 185 per quintal to Rs 2,452, and in Uttar Pradesh, it rose slightly by Rs 7 per quintal to Rs 2,516. 

Wheat is a rabi crop sown in October-December and harvested in February-May. It is one of the most consumed food grains in India, and to stabilize its prices, the government intervenes through e-auctions and procurements through government agencies.

For those interested in exploring the prices of various crops in their respective state markets, the official website agmarknet.gov.in provides a comprehensive list. Understanding the price dynamics of different crops and their quality assessment remains pivotal in navigating market fluctuations for farmers and traders alike.