Скачать или смотреть 🌾 Wheat Prices Surge Amid Government Auction: A Growing Concern for the Market 📈

Mr. Ajay Goyal, Chairman, WPPS, in conversation with Mr. Mrituenjay Jha, Commodity Editor, Zee Business, sheds light on the recent surge in wheat prices during the government’s weekly auction. The price hike has sparked concerns in the market, driven by increased demand from millers, a dry supply chain, and worries over rising temperatures.

💡 Key Highlights:
Auction Success: 3.99 lakh tonnes out of 4 lakh tonnes sold, showing high demand across states.
Price Surge: Highest bid ₹3,159/quintal in Uttar Pradesh's e-auction.
Supply Chain Issues: Millers are dependent on government auctions due to supply constraints.
Market Volatility: 168 buyers bid above ₹3,000/quintal, while 30 processors bid below ₹3,000.

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