New Delhi. Wheat prices remained under pressure during the week of February 14-20 due to normal arrivals and weak offtake in key markets in major producing states. Despite numerous government measures, prices failed to rise or strengthen. The government has lifted stock limits on wheat and allowed the export of 2.5 million tonnes of wheat and 1 million tonnes of wheat products, but this has had no impact on the market. Furthermore, sales of government wheat under OMSS are also progressing at a very slow pace.

During the week under review, wheat prices in Delhi fell by ₹10 to ₹2700/2720 per quintal, and in Indore by ₹125 to ₹2275/2750 per quintal.

Bundi market in Rajasthan also remained weak by ₹20. Similarly, wheat prices are falling in some markets in Uttar Pradesh. Overall, wheat prices either remained stable or declined during the week. Wheat prices typically remain high and volatile during the supply off-season from December to February, but this time the situation is the opposite.

The government has adequate wheat stocks, domestic supply and availability remain comfortable, and the next harvest is expected to be excellent. New wheat arrivals will begin in the third or fourth week of March.