Last week, Delhi wheat opened at ₹3,125 per quintal on Monday and closed at ₹3,175/80 per quintal on Saturday. Due to sustained demand throughout the week, wheat prices strengthened by ₹55 per quintal. The market trend continues to show an upward trend. The fundamentals of the market remain strong this year as well. Statewise Market Trend: Uttar Pradesh: Prices remained stable in most markets. Gujarat: Prices increased by ₹10 in the Dahod region and strengthened by ₹10 to ₹30 in most other markets. West Bengal: In Kolkata, prices weakened by ₹10 due to widespread sales. The prices of flour, maida, and suji weakened by more than ₹30. Rajasthan: Prices remained stable in most markets. There were no significant changes in the prices of flour, maida, and suji. Farmers are gradually bringing their produce to the market. The outlook on OMSS (Open Market Sale Scheme) has been accurate and precise. Wheat is now in strong hands. Availability of wheat is increasing in the market under PDS (Public Distribution System). It is essential to take profits at every rise from here. Delhi Market: All reported figures for the Delhi market came as expected. The support level in the Delhi market is at ₹3,120. If the government does not release any stock under OMSS by the end of November or the beginning of December, it will not be difficult for Delhi prices to surpass the highest figures of 2022. Government Stock: According to the data from 1st November, the central pool has a stock of 22.2 million tonnes of wheat. This marks an increase in the central pool's wheat stock after six months. At the beginning of this month, the government has 4 million tonnes more stock compared to last year. Production Target: The government's wheat production target is 115 million tonnes. Sowing: As of 8th November, there has been a reported 15% decline in the area sown for wheat. The biggest decrease in sowing area has been observed in the major wheat-producing states of Haryana, Madhya Pradesh, and Rajasthan. Wheat sowing, which ideally should have been completed in Punjab, has been delayed due to the slow harvest of paddy and poor availability of DAP. So far, sowing has been completed on about 60% of the land. Total sowing till 8th November is recorded at 4.13 million hectares, which is 15.5% less than the 4.887 million hectares sown during the same period last year. The central government has estimated a potential sowing area of 33.623 million hectares for the Rabi season 2024-25, with a target of producing 114 million tonnes. The average wheat sowing area in India over the past five years has been 31.2 million hectares.