Wheat Market Report
The government's fluctuating sales policy has led to a supply crunch in both consumption and distribution markets. Restrictions on open market sales of wheat have compounded this issue. As a result of supply constraints and hoarding by large companies, wheat prices have surged, reaching around ₹3030 per quintal. With the sowing season commencing at the end of this month, demand for wheat is expected to rise significantly, as it consumes a substantial amount of wheat. Despite the high prices, profit opportunities exist, but market volatility remains a concern. Traders need to balance profit-taking with the potential for further price increases. Given the current shortage in markets, there is a likelihood of intermittent price increases. Traders should remain vigilant and adjust strategies accordingly. Both farmers and traders must assess their positions and prepare for potential market shifts as the sowing season approaches.