Analysis of the wholesale prices is necessary at various market centers. Studying the prices of wheat in Madhya Pradesh is extremely important for farmers, traders, and consumers alike. Let's analyze the various types of wheat and their respective prices in different market centers of Madhya Pradesh on January 27, 2024.
In the Anjad market, Lokwan variety of wheat has reached 143.97 tons. The price range for this variety is from a minimum of Rs. 2355 to a maximum of Rs. 2355, with the model price set at Rs. 2340 per unit. This indicates a stable market in Anjad, providing a consistent price range for both buyers and sellers of Lokwan wheat.
The focus at the Badamalhera market is on mill quality wheat. With a reach of 149.18 tons, the price fluctuation is quite high. The minimum price is Rs. 2200, while the maximum is Rs. 2600 per quintal. Interestingly, the model price remains at a minimum of Rs. 2200, indicating the potential volatility based on price and demand factors.
In Chhindwara, the minimum reach for local wheat variety is 1.5 tons. Despite the low quantity, the price remains firm at Rs. 2705 per quintal across all boards. This stability indicates assurance of steady demand or quality associated with local wheat variety in Chhindwara.
Wheat Market Rates in Dhar: With Lokwan wheat, Dhar has a reach of 43.65 tons. The minimum price is Rs. 2400, while the maximum is Rs. 2500, and the model price is Rs. 2400 per quintal. This indicates a balanced market in Dhar.
Wheat Market Rates in Gadarwara: The Gadarwara market showcases the performance of mill quality wheat variety, with a reach of 45.5 tons. Prices range from Rs. 2300 to Rs. 2475 per quintal, with the model price set at Rs. 2300.
Wheat Market Rates in Pipariya:
Finally, in Pipariya, with a significant reach of mostly 261.54 tons of mill-quality wheat, the price remains unpredictable, ranging between a minimum and maximum of Rs. 2650 and Rs. 2700 per quintal respectively. The model price is set at Rs. 2700
Conclusion: navigating the wheat market Rates in Madhya Pradesh, requires an understanding of the complexities of various types of prices at different market centers. From Lokwan to mill quality, it presents the impacted price categories of each different factor such as quality, demand, and local market conditions. Being informed about these complexities is essential for stakeholders to make informed decisions to tailor their business strategies accordingly.
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