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Latest Wheat Market Price Today in Madhya Pradesh (02th Nov, 2024)

Wheat price
Wheat price

Wheat is a staple crop in India, and its market price constantly fluctuates. For both farmers and consumers, keeping updated on mandi prices is essential to determine the right time to sell or buy. Madhya Pradesh, known for its significant wheat cultivation and trade, often draws interest in its mandi prices.

Wheat price (November 2, 2024):

Let’s look at today’s latest wheat prices in some of the key mandis of Madhya Pradesh.

Mandi Name Arrivals (in tons) Variety Min Price (₹/quintal) Max Price (₹/quintal)
Alirajpur 26.32 Wheat ₹ 2,700 ₹ 2,800
Banmorkalan 3.5 Wheat ₹ 2,650 ₹ 2,650
Bhikangaon 34.5 Mill Quality ₹ 2,700 ₹ 2,825
Chaakghat 5.2 Mill Quality ₹ 2,740 ₹ 2,750
Dewas 12.54 Wheat ₹ 2,511 ₹ 2,539
Itarsi 102 Wheat ₹ 2,625 ₹ 2,655
Jatara 36.4 Wheat ₹ 2,600 ₹ 2,600
Jhabua 12.3 Wheat ₹ 2,500 ₹ 2,600
Khandwa 12.27 Mill Quality ₹ 2,872 ₹ 2,889
Khargone 13.34 Wheat ₹ 2,650 ₹ 2,700

Why Do Wheat Prices Fluctuate in Mandis?

Wheat prices in mandis depend on various factors, such as supply, demand, weather conditions, government policies, and the Minimum Support Price (MSP). Prices tend to rise if there is a supply shortage or adverse weather conditions. Conversely, prices may drop with an abundant harvest.

Valuable Tips for Buyers and Farmers: Buyers should monitor mandi prices regularly to purchase wheat at the best rates. Farmers are advised to sell their produce based on current prices for better returns.

Conclusion: Wheat prices in mandis fluctuate frequently, impacting both farmers and consumers. Timely, accurate price information is essential for making informed decisions.

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