Wheat prices soften due to strong arrival of new crop

18-Apr-2025 04:22 PM

New Delhi. Wheat prices have declined in wholesale markets due to the heavy arrival of the new crop and expectations of a better harvest this season. Milling quality wheat, which was priced at ₹3200–3400 per quintal a month ago, is now being sold at ₹2450–2600 per quintal. With the MSP fixed at ₹2425 per quintal, analysts say prices may continue to hover around this level during the peak arrival season.

Harvesting is in full swing in Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, and Rajasthan. Till April 16, total arrivals in mandis and procurement centres reached 134.80 lakh tonnes—almost double last year's 65.90 lakh tonnes for the same period.

Officials expect wheat procurement to surpass last year’s 266.05 lakh tonnes and possibly reach 280–290 lakh tonnes this time, against the target of 312.70 lakh tonnes.

According to the Roller Flour Millers Federation of India, domestic wheat production is likely to rise this year.

While trade estimates suggest production may touch 1100 lakh tonnes, it remains below the Agriculture Ministry’s projection of 1153 lakh tonnes. The fall in prices is also expected to ease food inflation and boost government stock levels.