Wheat – Gradually Heading Towards an Upward Trend

This time, due to the competitive purchasing of wheat at higher prices by private sector companies in the markets, producers and distributors do not have much stock of wheat in the mandis. We believe that compared to last year, the government has purchased approximately 5 lakh metric tons more wheat, but this purchase is still insufficient considering the distribution across various schemes. Since the government has not released wheat into the open market, its prices have stagnated after reaching around ₹3100/3120 per quintal. Therefore, the market is expected to gradually move towards an upward trend, with fluctuations.

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