HomeBusinessHuge Jump In The Price Of Wheat, Roti Of Poor Becomes More Expensive; Know The New Prices

Huge Jump In The Price Of Wheat, Roti Of Poor Becomes More Expensive; Know The New Prices

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The Central Government has removed GST from the packing of more than 25 kg of wheat, which has brought a lot of relief to the market traders. At the same time, there has been a tremendous jump in the price of wheat in the last three days.

Let us tell you that the price of wheat in the wholesale market has broken all the old records at this time. Wheat crossed Rs 2500 a quintal in the Mandi auction. Earlier, the highest price of wheat so far was during the Corona period, when wheat was sold for up to Rs 2,400 per quintal.

Massive Jump In Wheat Price

Traders say that “the price of wheat will increase further because now the new crop is to come next year only. Wheat was exported to countries where it was needed because of the Russo-Ukraine War. When the new wheat arrived in April, its wholesale market price was Rs 1,950 to Rs 2,000 per quintal.

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When exports started, its price reached Rs 2,175 per quintal. Wheat fell to Rs 2,025 a quintal the next day as soon as the rules related to controlling exports came into force. The price remained stable for a few days but rose again, now at Rs 2420.”

The wheat stock also increased.

Please tell us that the wheat stock was not high; at this time, the stockist is active in wheat. The supply of two lakh wheat bags is being told in the market of Samalkha alone.

Most of the wheat was procured by the government, but this time the arrival of wheat was less in the mandis, due to which the procurement target could not be met. It is known that due to the rise in the price of wheat, the stockists have become active along with the farmers.

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Geeta Kumar
Geeta Kumar
Geeta Kumar is Our Digital Media Specialist at Spot News 18. She Manages our Digital Media Account Globally. She loves to be connected on Social Media.

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