Wheat price today: Wheat prices have now reached a high level. In many mandis across the country, the price of wheat has gone much above the MSP (wheat price 11 June). In one state, the price of wheat has broken all records. Wheat is being sold here at the highest rate. Let us know what the price of wheat has become in the major wheat-producing states.
This year’s season has seen a rise in wheat prices (Wheat price today) since the beginning. The biggest reason for this is the increase in MSP and the bonus given by the state governments on the sale of wheat per quintal.
Farmers are getting the benefit of both of these on selling wheat. There are chances of wheat prices increasing even more, although even at this time farmers are getting a chance to sell wheat at a good rate. They are getting a huge profit from this. In various states of the country, the price of wheat (latest wheat rate) is running above the MSP; in some states, it is even equal to the MSP.
Wheat is being sold at this much per quintal in the market.
The average price of wheat per quintal in the mandis (mandi bhav) of many states is Rs 2450 per quintal. In Rajasthan, farmers are getting a bonus of Rs 150 for selling 1 quintal of wheat. At the same time, a bonus of Rs 20 has been fixed in UP and Rs 175 in Madhya Pradesh (Wheat price today). However, now the government purchase of wheat has almost stopped in most places. The arrival of wheat is also getting affected now.
These are the latest prices of wheat in these states:
This time government has fixed support price of wheat at Rs 2425. After the bonus on this, there is an opportunity to sell wheat at the rate of Rs 2445 (up wheat price) per quintal in Uttar Pradesh. In Rajasthan and Madhya Pradesh, it has reached Rs 2575 (MP wheat price); this is due to the high bonus amount here. In Maharashtra, the price of Mumbai Mandi wheat has reached Rs 5850 per quintal. These prices are being reported to be at the highest level this season.
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Traders are buying wheat directly from farmers.
At many places, farmers are still being appealed to sell wheat at government procurement centers. After the government procurement target is achieved, there will be a slowdown in procurement. In many states, the arrival of wheat (Wheat price today) has started decreasing now.
Traders have started buying wheat directly from farmers, so less wheat is reaching the mandis (mandi bhav 11 June). This is giving double benefit to the farmers. One is that they are saving their transportation cost in taking wheat to the mandi, and secondly, they are getting a chance to sell wheat at a higher rate than the mandi.