Delhi Wheat Market Update

Trading activity remains subdued; market awaits government tender to be released tomorrow

Trading activity in the Delhi wheat market remains completely subdued today. Sellers are unwilling to offload stock at lower prices, while millers are avoiding purchases at higher price points. Consequently, market activity has come to a near standstill.

Currently, the market’s focus is on the government wheat tender scheduled for release tomorrow. According to traders, the future direction of the market will depend on the quantity of wheat offered in this tender. A larger volume could exert downward pressure on prices, whereas a limited quantity might provide some support to the market.