Wheat report: Chances of boom in June also

During last week, wheat recorded a strong Rs 25 per quintal due to sustained demand, the export ban on wheat will continue in the current year. The stock position of wheat in Uttar Pradesh and Bihar is in a worrying condition. Most of the millers do not have stock for more than 15-20 days and farmers are still able to hold the wheat. If we assess all these conditions, then the market will be strong again in June. Wheat procurement in India likely to be 20% less than estimated, The movement of wheat across the country's international borders has increased. This is also one of the main reasons for the government not getting wheat in Bihar. At the beginning of the week in Varanasi, the price was 2400, while at the end of the week, business was done at 2450. Adani Wilmar on Friday announced that it will enter the whole wheat category with its brand Fortune. The company will provide Sharbati, Purna 1544, Lokvan grade 1 wheat seed. An official of Muktsar district mandi said that the arrival of wheat has increased by about 22 percent this year as compared to last year . It is estimated that Delhi wheat will be sold till 2600 in June. Monsoon is likely to be below normal in June. The government has increased the production estimate but the ground reality is different from this. Wheat prices increased by 2.5% last week as FCI procurement decreased. At the end of last week, there was a drop in the prices of wheat in some mandis, but there was no weakness in the prices of Rollers Flour of Delhi and other flour millers. Most of the flour millers of the country, including Hyderabad, remained strong. And on the other hand, a decline is being registered in the prices of bran.

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