Wheat Market Fluctuations from December 2024 to June 2025
07-Jun-2025 04:30 PM
India's wheat market experienced significant price fluctuations over the past six months. From December 2024 to the first week of June 2025, major markets such as Delhi Lawrence Road, Shahjahanpur, and Bulandshahr recorded varying highs and lows during this period.
Delhi Lawrence Road: Sharp decline from peak levels
Highest Price: ₹3360/quintal (04 January 2025)
Lowest Price: ₹2610/quintal (07 April 2025)
Price on 07 June 2025: ₹2755
Prices in Delhi's Lawrence Road market peaked in early January, but fell drastically by April. Between 04 January and 07 April, there was a sharp decline of nearly ₹750 per quintal. However, some stability returned in May and June.
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Shahjahanpur: Moderate trend with stability
Highest Price: ₹3121/quintal (21 February 2025)
Lowest Price: ₹2465/quintal (14 April 2025)
Price on 07 June 2025: ₹2550
In Shahjahanpur, prices gradually increased through January and February, reaching a high of ₹3121 in late February. Prices started falling by the end of March and bottomed out at ₹2465 by mid-April. Some recovery was noted in May, with June prices stabilizing around ₹2550.
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Bulandshahr: Steep drop in April followed by sharp recovery
Highest Price: ₹3170/quintal (04 January 2025)
Lowest Price: ₹2370/quintal (07 April 2025)
Price on 07 June 2025: ₹2620
Bulandshahr saw the highest price of ₹3170 in early January, but prices crashed to ₹2370 by April—a drop of ₹800. After April, a swift recovery was observed, and prices rose back to ₹2620 in early June.
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Market Factors and Outlook
The decline in prices was attributed to record production, increased government procurement, and the imposition of stock limits. However, the fall appears temporary, as most millers and traders are not maintaining inventories near the prescribed stock limits. Purchases are being made strictly based on immediate need.
There is speculation that stock limits may be further reduced in the coming months, and the government may soon reintroduce the OMSS (Open Market Sale Scheme).