Business Reporter :
THE prices of foodgrains like
wheat and rice are witnessing
mixed trend these days. Since
most of the bulk buying and
storing of food grains in many
householdshascometoanend
with the start of the monsoon
there is lower demand in the
market.
“Sluggishdemandhasaffected the wheat prices and it has
dropped by 5 per cent in the
wholesalemarket.Whileonthe
otherhand,thericepriceshave
increased by 5 to 10 per cent
as the supplies are lower in the
market,” said Ramesh Umate,
one ofleadingwholesale grain
merchants at the Kalamna market yard,while speaking toThe
Hitavada.
Umathe further said that
Madhya Pradesh is the major
wheat supplier to Nagpur. In
the beginning of the season in
March the wheat prices were
higher by 30 per cent, whereas and rice prices surged by 25
per cent, as compared to previous seasonasrainshaddamaged both the crops significantly.
At present, the wheat
prices have cooled down
because of slackness in
demand.
Inthewholesalemarket,rice
varieties like MP Bot Sarbati
low quality is being quoted at
Rs 30 to Rs 32 per kg, medium
quality at Rs 33 to Rs 36 per kg
and best quality at Rs 40 to Rs
45 per kg. Also, Lokwan medium is available at Rs 32 to Rs
34per kg and best quality atRs
34 to Rs 38 per kg, and Tukdi
at Rs 31 to Rs 35 per kg.
Similarly,ricevarietieslikeKali
Mooch Chinoor medium quality is being quoted at Rs 71 to
Rs 74 per kg, best quality at Rs
74 to Rs 76 per kg, HMT at Rs
45 to Rs 50 per kg. While Jai
Shreeram medium is being
quoted atRs 50 toRs 55 per kg,
best quality at Rs 58 to Rs 61
per kg, BPT at Rs 38 to Rs 43
per kg, Surti Kolam at Rs 62 to
Rs 66 per kg, Jai Prakash at Rs
80 to Rs 85 per kg, Tulsi Amrut
at Rs 65 to Rs 68 per kg and
Basmati at Rs 90 to Rs 128 per
kg, Umathe said
Another grain merchant, on
a conditionof anonymity, said
that the prices of foodgrains
couldincrease ifthere are lower supplies due to floods inthe
comingdays.Itisexpectedthat
thedemandwouldpick-upand
pricesmay rise fromthese levels during the festivals like
Mahalaxmi, Ganpati, and
Diwali.Onadailyaverage,there
are about 8 to 10 trucks loaded
with wheat and there is similarly number of trucks filled
with rice coming to wholesale
market.