New Delhi: Officials of the Food Corporation of India (FCI) have indicated that e-auctions of wheat under the Open Market Sale Scheme (OMSS) may resume next week. The corporation has been allocated a quota of 30 lakh tonnes of wheat for sale through this scheme until March 31, 2026, but has so far managed to sell only about 10 percent of it.

Government wheat is mainly made available to millers and processors, while traders/stockists are regularly releasing their stocks into the market due to the storage limits imposed on wheat. The next wheat crop is expected to be excellent due to a significant increase in the sowing area and favorable weather conditions.

During the week of January 3-9, wheat prices in Delhi fell by Rs 80 to Rs 2820/2840 per quintal, and in Indore by Rs 150 to Rs 2450/2950 per quintal. Wheat prices also softened in Ujjain and Itarsi, as well as in Kota and Bundi in Rajasthan. Prices were also under pressure in several markets in Uttar Pradesh, with prices in the Etah market falling by Rs 125 to Rs 2475 per quintal.

Daily wheat arrivals in Delhi ranged from 3,000 to 12,000 bags. Wheat arrivals are normal in other major producing markets and trading centers across the country. Purchases by millers and processors are limited. The Minimum Support Price (MSP) for wheat for the 2025-26 Rabi season has been fixed at Rs 2585 per quintal, an increase of Rs 160, but prices in several markets are currently below this level.

The minimum reserve price for OMSS wheat is fixed at Rs 2550 per quintal, excluding transportation costs. Both options will remain available for millers and processors.