The wheat market remained relatively stable with a slight increase. On Monday, wheat prices in Delhi opened at ₹3050/75 per quintal, and by Saturday evening, they closed between ₹3075 and ₹3100 per quintal, showing a ₹25 per quintal increase. This increase was due to sustained demand for wheat in the market. OMSS Wheat Tender Report: 3-Month OMSS Scheme:The government ran an Open Market Sale Scheme (OMSS) for three months, selling wheat in the open market. A total of 30 lakh tons of wheat were sold during this period. Increase in Tender Allocation: The government started with a tender allocation of 1 lakh tons in December, and by the end of February and the first week of March, this was increased fourfold to 5 lakh tons. Miller Bidding Volume: The government increased the bidding volume for mills with High Tension (HT) connections from 100 tons to 400 tons. However, the bidding volume for mills with Low Tension (LT) connections did not see a satisfactory increase. Price Stability: Despite 14 tenders being conducted, there was no significant change in wheat prices during the tender period. However, wheat prices in Uttar Pradesh increased by ₹150-200 per quintal during the tender process. Uttar Pradesh:Wheat prices remained stable in Uttar Pradesh. The arrival of new wheat in the market is expected to take another 15-20 days, which could lead to a further increase in prices. Punjab, Haryana, West Bengal, and Bihar:Prices in these states also showed a similar trend, with prices likely to increase before the arrival of new wheat. Gujarat and Madhya Pradesh:During the tender period, there was no weakening of wheat prices in Gujarat. Wheat arrivals started in Gujarat and Madhya Pradesh in the last week of February, and post-Holi, arrivals in Madhya Pradesh are expected to increase. This could lead to a decline in prices as arrivals rise. Outlook for the Coming Week: Government Procurement: The government may adopt strategies similar to previous years during the wheat procurement season to encourage traders and millers to consider purchasing wheat. Wheat Pipeline Shortage: The wheat pipeline across the country is currently empty, which could lead to higher demand from traders, stockists, and large companies. This may affect government procurement and create some fluctuations in prices. Conclusion: Last week saw a modest increase in wheat prices, and with the expected increase in wheat arrivals, prices may decline in the coming weeks. However, there is still a shortage of wheat in the market, and government interventions could impact procurement rates. Therefore, price fluctuations are likely to continue in the near future.