New Delhi. Due to government strictness, high stock and limited demand, the domestic market price of wheat generally declined by 10-20 rupees per quintal during the week of June 14-20, but in the benchmark Indore Mandi of Madhya Pradesh, it jumped by a huge Rs 440 to reach Rs 2400/3100 per quintal. The price remained strong there only at the higher level.

The price of wheat remained soft in Mainpuri and Etah too, but in Jalna Mandi of Maharashtra, it increased by Rs 150 to Rs 2500/2750 per quintal.

Wheat is arriving well in the mandis of Rajasthan and Uttar Pradesh, but due to the imposition of storage limit, traders and flour millers are hesitant to make large purchases of it. In Rajasthan, wheat is being purchased from farmers at the rate of Rs 2575 per quintal, which includes an additional bonus of Rs 150 per quintal announced by the Central Government. Since the wholesale market price there has come down to Rs 2440/2550 per quintal, government agencies are getting good success in its purchase from farmers.

Rajasthan is the only state where this time the government has purchased more (21 lakh tons) wheat than the target set (20 lakh tons). This time the total purchase of wheat at the national level for the central pool increased to 300 lakh tons. Due to this also some pressure is being seen on the prices.