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LATEST NEWS UPDATES | Mandi prices of wheat fall, but still marginally above MSP -Sandip Das

Mandi prices of wheat fall, but still marginally above MSP -Sandip Das

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published Published on May 19, 2022   modified Modified on May 19, 2022

-Financial Express

Traders say that only a small quantity of wheat crop is held by farmers currently, as major chunks have been purchased by traders by paying higher than MSP prices in anticipation of a surge in exports.

Mandi prices of wheat were ruling just above the minimum support price (MSP) on Wednesday in Rajasthan, Uttar Pradesh, Gujarat and Delhi.

Trade sources told FE that in Punjab and Haryana, arrivals of wheat in mandis have been minuscule, while markets in Madhya Pradesh had been closed for the last two days as traders have been protesting against an abrupt ban on wheat exports imposed by the government last week.

Traders say that only a small quantity of wheat crop is held by farmers currently, as major chunks have been purchased by traders by paying higher than MSP prices in anticipation of a surge in exports.

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Financial Express, 19 May, 2022, https://www.financialexpress.com/market/commodities/mandi-prices-of-wheat-fall-but-still-marginally-above-msp/2530012/?fbclid=IwAR1DK20nrjHj-JWoK-l8hAfrzlGrUubNNRt8f-_tyZx64AflewZ6IEn5flY


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