Wheat prices have seen a significant surge in Ratlam grain market following the end of government procurement at the Minimum Support Price (MSP). Rates have now crossed ₹3000 per quintal, with the maximum price reaching ₹3150 and the minimum at ₹2620 on Wednesday. The average trading price stood at ₹2971 per quintal.
During the MSP procurement period, wheat prices ranged between ₹2300 and ₹2900 per quintal, with an average price of around ₹2600. However, after the closure of government procurement, prices rose sharply by ₹300–₹400 per quintal in the open market.
The Mahu Road grain market in Ratlam recorded a wheat arrival of 17,000 quintals on Wednesday — a higher quantity than during the MSP procurement phase. Premium Sharbati wheat was sold between ₹3275 and ₹3699 per quintal, with an average price of ₹3415. The total arrival of Sharbati wheat was 200 quintals.
Record Wheat Procurement at MSP in Ratlam: This year, wheat procurement at MSP in Ratlam district reached a record high. While only 54,608 tonnes were procured last year, the number rose to 1.10 lakh tonnes this year. According to District Supply Officer Anand Gole, a large number of farmers sold their wheat at the MSP this season.
Prices Likely to Rise Further: Traders at the market believe that due to increasing demand from flour mills, wheat prices could go up further by ₹50 to ₹100 per quintal in the coming days.
Read More- Ladli Behna Yojana 24th installment released
