Weekly Review – Wheat
09-May-2026 07:42 PM
Wheat Prices Soften Amidst Strong Arrivals and Low Buying Interest
New Delhi: Government procurement of wheat for the Central Pool has surpassed 282 lakh tonnes, falling short of last year's figures by a mere 5 lakh tonnes. Alongside government procurement centers, wheat arrivals have also been robust in open markets, while demand appears somewhat subdued. Consequently, during the week of May 2–8, wheat prices generally remained soft; however, an upward trend was observed in select pockets.
Delhi
During the week under review, wheat prices in Delhi declined by ₹5, settling in the range of ₹2,690–₹2,725 per quintal. Price declines were recorded across various markets: ₹100 per quintal in Dewas, ₹75 in Bundi, ₹66 in Shahjahanpur, ₹15 in Hardoi, ₹9 in Sitapur, ₹20 in Gonda, and ₹25 in the Etah mandi. In other major markets across Madhya Pradesh, Uttar Pradesh, and Rajasthan, wheat prices generally remained stable. Despite the improvement in government procurement, wheat prices in most wholesale markets continue to trade below the Minimum Support Price (MSP) of ₹2,585 per quintal.
Wheat Procurement
Due to the comfortable supply and availability situation, coupled with uncertainties regarding government policies, the trade and industry sectors are exercising significant caution in their wheat procurement activities this season. During the previous marketing season, the sector incurred substantial financial losses in its wheat trading operations.
Export Quota
The government frequently imposes stock limits on wheat, often compelling traders to liquidate their stocks at prices even lower than their actual cost of acquisition. Furthermore, the export quota—set at 50 lakh tonnes for wheat and 10 lakh tonnes for wheat products—has so far failed to shift market sentiment.