Strong Wheat Arrivals

27-Mar-2025 09:23 AM

Strong Wheat Arrivals
★ Bumper wheat arrivals have been observed in mandis across all states except Punjab and Haryana. The crop is strong, and this year could witness record wheat production.
★ Recently, the government ordered the release of wheat stock data on the portal every Friday. With increased arrivals and stock declarations, price pressure has been observed.
★ On March 26, wheat prices saw a decline.
★ According to I-Grain India, considering high arrivals and record production, a price surge is unlikely for now.
★ The key factor to watch is government procurement. If government purchases exceed 28 million tons, the chances of a price rally will be minimal.