In the current year, wheat production in India is estimated to be 113.92 million tons, cultivated across 3.1833 million hectares. However, there has been a continuous decline in wheat procurement by the Indian government over the past few years. For example, in 2024-25, the government procured only 26.6 million tons of wheat, compared to 43.34 million tons in 2021-22. As of October 2024, India has a stock of 23.78 million tons of wheat, which is slightly lower than last year's stock. Globally, adverse weather conditions have led to significant declines in wheat production in major producing countries. The government's decision to halt wheat sales in the open market has created turmoil in the market. From now until March 31, 2025, wheat will only be available through the Public Distribution System (PDS). This decision has led stockists to hesitate in selling their stock. On the other hand, increased demand from roller flour mills has driven up wheat prices, with further increases expected. Small traders do not have sufficient wheat stocks, while larger companies control most of the wheat supply. This situation could lead to a shortage of wheat in the market in the future. Globally, indications suggest a decline in wheat production. The estimated global wheat production for the 2024-25 season is projected to be 796.88 million tons. Major wheat-producing countries like Russia, Argentina, and Australia have reduced their production estimates. Russia, the world's largest wheat exporter, has cut its production forecast for 2025 to 81.8 million tons, significantly lower than its 2022 output. Similarly, Argentina's estimated production has now fallen to 19.5 million tons. The decrease in production in these countries is expected to lead to a reduction in global wheat stocks as well. The decline in global wheat supply is causing prices to rise. The increase in global wheat prices is also affecting Indian wheat prices. Experts believe that in the coming months, wheat prices in the Delhi spot market could exceed ₹3,100 per quintal. Traders are advised to act according to demand and capitalize on profits.