Low Chances of Wheat Stock Limits: Adequate Production and Inventory Across the Country

08-May-2025 11:32 AM

Low Chances of Wheat Stock Limits: Adequate Production and Inventory Across the Country
★ The government had been imposing stock limits on private traders over the past two years to control prices. However, these restrictions expired on March 31, 2025.
★ Although the stock limit has been lifted, traders are still required to report their stock details on the online portal every Friday.
★ According to sources, the wheat stock reported on the portal is 6–7 lakh tonnes higher than last year’s levels. Additionally, open market stock levels are also reported to be high.
★ The Food Corporation of India (FCI) has already procured over 28 million tonnes of wheat this year, which is 5.1% higher than last year’s procurement of 26.6 million tonnes. This amount also accounts for 84% of the revised target of 33.3 million tonnes for 2025–26.
★ Wheat production is expected to be revised upward in the upcoming advance estimates, based on current arrivals and market conditions.
★ Considering all these factors, there appears to be no need for stock limits on wheat this year.
★ Several states have also witnessed a significant increase in private procurement, indicating a bumper wheat harvest.
★ According to I-Grain India, given the strong stock availability with both the government and private traders, there is no urgency to initiate wheat sales under the Open Market Sale Scheme (OMSS).
★ Today Delhi mill quality wheat open trade at Rs. 2700 and Godown at 2710.