Fresh market prices for wheat have been released for January 2, 2024, in the major markets of Madhya Pradesh. Farmers and traders can use this information to plan their crop sales and purchases. The figures below indicate the minimum, maximum, and modal prices for various wheat varieties in different markets.
The arrival of Sharbati wheat in the Ashoknagar market was 69.38 tons. Sharbati wheat is known for its high quality and is primarily used for premium flour and bread production. The market prices here were as follows:
•Minimum Price: ₹4,701 per quintal
•Maximum Price: ₹4,701 per quintal
•Modal Price: ₹2,426 per quintal
Betul Market (Mill Quality Wheat)
The Betul market, the arrival of mill-quality wheat was 123.28 tons. Mill-quality wheat is specifically used in the production of flour and bread, leading to stable demand. The prices in this market were as follows:
•Minimum Price: ₹2,451 per quintal
•Maximum Price: ₹2,496 per quintal
•Modal Price: ₹2,550 per quintal
Sehore Market (Lokwan Wheat)
The total arrival of Lokwan wheat in the Sehore market was 8.53 tons. This variety is popular among farmers and traders due to its good quality. The prices in Sehore were:
Minimum Price: ₹2,650 per quintal
•Maximum Price: ₹2,988 per quintal
•Modal Price: ₹2,445 per quintal
Vidisha Market (Local Wheat)
The Vidisha market, the arrival of local wheat was 10.45 tons. The prices for the local variety of wheat were as follows:
Minimum Price: ₹2,600 per quintal
Maximum Price: ₹2,600 per quintal
Modal Price: ₹2,295 per quintal
Conclusion: The prices of wheat in these markets of Madhya Pradesh primarily depend on its quality and local demand. The prices of high-quality wheat varieties, such as Sharbati and Lokwan, are higher compared to standard mill-quality and local varieties. This kind of information helps farmers to price their products accurately and assists buyers in estimating fair market values.
