Not just prices of wheat, but that of all its byproducts — atta (wheat flour), maida, sooji and rawa (semolina) — fell in the last month by 10-14 per cent, data from officials and trade sources showed.
Wheat prices have slumped from their record high of about Rs 3,200 per quintal in mid-January to about Rs 2,200 a quintal, since the Centre started liquidating its wheat inventories through the open market sale scheme.
First it allocated about 3 million tonnes of wheat for sale through the process, which was later expanded to another 2 million tonnes. So far in the