Delhi Wheat Market Stable for a Month as Government Procurement Crosses Target

28-May-2026 07:27 PM

Delhi wheat prices have remained relatively stable over the past month. After falling to around ₹2,550 per quintal in April 2026, the market gradually recovered, with prices rising to nearly ₹2,725 per quintal by the end of May. For the past several weeks, wheat prices have largely traded in the ₹2,650–2,750 per quintal range.

During December 2024 and January 2025, wheat prices in Delhi had surged to as high as ₹3,300 per quintal. However, improved arrivals, government intervention, and expectations of a record crop later pressured the market. By March 2025, prices had dropped to around ₹2,635 per quintal and subsequently remained range-bound for an extended period.

This year, the Central government’s wheat procurement has already crossed the official target, strengthening public grain reserves. Strong procurement in major producing states such as Madhya Pradesh, Punjab, Haryana, and Rajasthan has ensured comfortable government stocks.

According to trade sources, the government is closely monitoring the market and may decide to release wheat under the Open Market Sale Scheme (OMSS) depending on the evolving El Niño situation. If monsoon conditions or production prospects face any risk, additional stocks could be used to stabilize the market.

With ample government inventories, record production estimates, and controlled demand, the chances of a sharp rise in wheat prices appear limited in the near term. However, weather-related developments are likely to remain a key factor influencing market direction.