Wheat prices in India, especially in southern regions, have surged to near-record levels, reaching ₹34,000 per tonne for railway goods shed delivery. This sharp rise is due to limited wheat stocks, particularly in major producing states like Rajasthan, Madhya Pradesh, Haryana, and Punjab. Only Uttar Pradesh has some remaining stock, further driving prices up. Wheat is now mainly available through private stockists, as government distribution is limited. The government has decided not to restart the Open Market Sale Scheme (OMSS) this fiscal year and dismissed the need for wheat imports, exacerbating the price hike. Data from Agmarknet shows wheat prices at APMC yards have risen to ₹2,811 per quintal, well above the MSP of ₹2,275. In response, the government has increased wheat distribution through the Public Distribution System (PDS), but critics argue this is insufficient. Regional price variations are significant, with logistics pushing prices in southern cities like Coimbatore and Bangalore to ₹3,400 per quintal. Industry experts are calling for wheat imports at reduced duties to ease the supply shortage. Global wheat prices are currently lower, presenting an opportunity for imports. However, the government is wary of imports affecting the ongoing rabi sowing season, as it may discourage farmers from planting wheat. Despite the rabi crop being months away, experts warn that without addressing the current supply issues, India may face deeper shortages. The government has set an MSP of ₹2,425 for the rabi crop, but it's unclear if this will stabilize the market.