Wheat Prices Surge: Current Market Rates and Future Predictions

Key Highlights

• Wheat prices are 30% higher than the MSP of ₹2,425 per quintal.
• Prices have increased 53% compared to three years ago.
• Major markets report record-high wheat prices across India.
• Supply shortages and FMCG demand drive price surge.
• Prices likely to remain high until April 2025.

The price of wheat has been rising continuously, showing no signs of stabilizing despite the government's efforts to control it. Wheat prices are approximately 30% higher than the Minimum Support Price (MSP). The government has imposed stock limits, but the price increase persists. Farmers who have stored their wheat stand to benefit significantly as the market reaches record-high prices.

Also Read: General Budget 2025: PM Kisan Samman Nidhi Yojana Amount Expected to Double

Weekly Increase in Wheat Prices

According to the Central Food Supply and Distribution Department, wheat prices have risen by ₹20 per quintal in the past week. The following table summarizes the price hike:

Wheat Prices in Major Markets

The MSP of wheat for 2025 is set at ₹2,425 per quintal, but current market prices are significantly higher. Below is a breakdown of wheat prices in major markets across India:

Wheat Prices in Rajasthan

Wheat Prices in Gujarat

Wheat Prices in Madhya Pradesh

Wheat Prices in Maharashtra

Wheat Prices in Uttar Pradesh

Reasons for the Rise in Wheat Prices

Market analysts point out the following reasons for the wheat price hike:

1. Off-Season Supply Shortage: Farmers are reluctant to release stored wheat, waiting for better prices before the next harvest.
2. High Demand from FMCG Companies: Biscuit, bread, and other wheat-based product manufacturers have stockpiled large quantities.
3. Government Stock Delays: The Food Corporation of India (FCI) has slowly released stock into the market, further driving up prices.

Experts predict that wheat prices will remain high until April 2025, and they may only decline after the arrival of the new wheat harvest.

Advice for Farmers

• Monitor Market Trends: Since prices fluctuate daily, farmers should check local mandi rates before selling.
• Quality Matters: Prices depend on the wheat quality—Sharbati wheat fetches a higher price than regular wheat.
• Maximize Profit: With wheat prices at a record high, now may be the best time to sell stored wheat stock for maximum profit.

Also Read: Farmers Can Install Solar Pumps at 10% Cost: State Government to Cover the Rest

CMV360 Says

Wheat prices are soaring across the country, creating both challenges for consumers and opportunities for farmers. With current prices significantly higher than MSP, farmers stand to gain substantial profits. However, market volatility remains a factor, and prices are expected to remain high until April 2025. Farmers should stay informed and make well-calculated decisions to benefit from the ongoing price surge.

For regular updates on wheat prices, stay tuned to market reports and government announcements.