Lack of storage space stumps wheat growers
Farmers are finding it difficult to offload their wheat stocks in Punjab and Haryana mandis due to shortage of space and bags. The problem has been aggravated with the Food Corporation of India itself storing wheat in the mandis itself.
A commission agent told Business Line: are finding it difficult to purchase wheat as we are running short of space and bags for storage.
Arrivals, too, have slumped. For example, in Karnal inflow of wheat dropped to 20,000 bag adidas originals s on Wednesday against 80,000 bags till last weekend. Up to now, arrivals in Karnal district this year have been a record 8.68 lakh tonnes against 6.04 lakh tonnes last year.
New wheat is currently quoted at Rs 1,285 a quintal, the minimum support price.
On the other hand, steady domestic demand is keeping desi wheat varieties firm. Demand for desi varieties in the region is good and traders are buying to meet the current levels of d adidas originals emand, said Mr Sewa Ram, a wheat trader.
Around 120 tonnes of different varieties of desi wheat arrived from Madhya Pradesh. The Tohfa variety ruled at Rs 2,300 a quintal, Bhojan King at Rs 2,200, Rasoi bhog at Rs 1,900, and the Nokia variety at 2,150.
On the National Commodity and Derivatives Excha adidas originals nge, wheat for May delivery increased by Rs 3 to Rs 1,184 adidas originals a quintal, it had touched a low at Rs 1,179 earlier on Wednesday. June delivery on the exchange went up by Rs 2 to Rs 1,204 a quintal.