After 3.5 Years, Bangladesh Resumes Wheat Imports from India via Hili Land Port
The wheat market is proving accurate except for North India, markets in other regions are gradually showing signs of strength. This firmness is driven not only by demand but also by supply-side constraints. On Monday, wheat prices in mandis traded with stability to slight upward movement. In major producing states like Haryana and Punjab, increased arrivals had an impact in Delhi, where prices fell by ₹15 in the evening to ₹2,500 per quintal. The market opened this morning at similar levels. In other major markets, prices were as follows: Gonda ₹2,345, Najafgarh ₹2,330, Chhindwara ₹2,430, Ujjain ₹2,330, Jaipur ₹2,470, Rajkot ₹2,350, Indore ₹2,400, Kolkata ₹2,650, Bundi ₹2,350, and Kher ₹2,290 per quintal. This season, weather conditions have affected crop quality, becoming a key factor supporting market prices. Recent rains have damaged high-quality wheat, prompting farmers to withhold premium produce. Consequently, mandis are receiving mainly average or lower-quality wheat in limited quantities. Buyers seeking high-quality wheat are finding it difficult to source at current rates, reducing the likelihood of a price decline in the near term. Demand from South India remains strong. Buyers there purchased at ₹10–₹20 per quintal higher than the previous day, providing additional support to the market. In Eastern India, prices have already risen by ₹70–₹80 per quintal, indicating tight supply and further reinforcing market strength. As highlighted in our previous report, Bangladesh could import wheat from India. After a gap of 3 years, 6 months, and 13 days, wheat exports resumed through India’s Hili Land Port. On Saturday, three trucks carrying 116 tons of wheat arrived, marking the first shipment since September 29, 2022. While exports have started, large-scale shipments remain limited. High domestic prices make imports less economical for Bangladesh, where Canadian, Ukrainian, and local wheat are priced around ₹34 per kilogram, prompting importers to purchase cautiously. Overall, domestic market support comes from quality concerns and strong demand from South India. The market is likely to remain stable to firm in the near term, though price increases are expected to remain gradual