Krishi VaartaOutlook Agriculture
Demand for wheat in the market impacts the price
Increased demand for wheat has led to its prices have risen. Due to lack of maize, poultry feed manufacturers are procuring wheat. At the same time, the government has increased the sale price of wheat under open market sale scheme (OMS) by Rs 55, which has increased the prices of wheat by about Rs 100 to 125 in a week.
The government has increased the sale price of OMSS by Rs 55 to Rs 2,135 per quintal from July to September, thereby increasing the prices of wheat in the mandis. In the southern states of India, the stock of maize is low, due to which maize prices have risen from 2,300 to 2,350 rupees per quintal in producing markets. In the current Kharif season, the southern states of Karnataka, Maharashtra and Telangana have received less than normal rainfall. Due to this Kharif maize will arrive in mandis only after October.
Source - Outlook Agriculture, 19 July 2019
If you find this information useful, click on the yellow thumbs up sign under the photo and also share this with your farmer friends using the options given below.