In western and japanese India, wheat on the mandi degree prices ₹23 a kg, whereas in northern India, the main producing hub, the value is ₹22. In south India, it prices ₹26 per kg, because the transportation value is included within the worth.
In the meantime, on the retail degree, atta now prices ₹30 per kg in western and japanese India, ₹29 per kg within the north and ₹33 in southern India.
“Costs have fallen by 5% throughout your entire worth chain. Atta worth on the retail finish has fallen by 5%, too,” mentioned Anjani Agarwal, president of Curler Flour Millers’ Affiliation.
“Home demand is sort of good. We don’t see any important drop in costs from this degree,” mentioned Ashish Khandewal, managing director of BL Agro, a Bareilly-based FMCG and edible oil firm.
Rice costs too have began falling because the Aman rice has began arriving out there. West Bengal, the biggest producer of the grain, has witnessed a drop of seven% in costs. Suraj Agarwal, chief government of Tirupati Agri Commerce, mentioned: “Within the final ten days, costs have fallen by 7% as new rice has arrived. On the retail degree, shoppers have been shopping for this rice at ₹41 per kg 10 days in the past. However they’re now shopping for at ₹38 per kg.”
Costs of rice have additionally softened in Tamil Nadu, Telangana, Andhra Pradesh, Odisha and Chhattisgarh the place summer season rice has arrived. “Costs of rice are unlikely to go up this yr as India has ample provide,” mentioned Agarwal.
Based on the federal government’s second advance estimates, rice manufacturing throughout 2021-22 is a document 127.93 mt.