The arrival of new wheat stocks in the market has started, and as the pressure of new arrivals increases, a decline in prices is being observed. In the major wheat market of Delhi, prices have dropped by around ₹150, with wheat trading between ₹2600 and ₹2650. Stock Limit to End in April 2025 The stock limit imposed on wheat will expire on April 1, 2025. However, while the stock limit will end, traders are required to provide transparent and accurate information about their stock on the portal. Any fraudulent activity or non-disclosure can lead to strict action from the government against traders, stockists, big chain retailers, and mills. This decision is being taken by the government to control wheat prices, and traders must report their purchases every Friday. Government's Stance on Purchases Above Minimum Support Price (MSP) Across the country, farmers are actively selling wheat at the Minimum Support Price (MSP). According to some reports, the government does not want wheat to be purchased at prices above MSP, as was seen last year. At that time, the market supply was scarce, and most wheat was held by stockists and large companies, causing prices to skyrocket to ₹3300-₹3500. In response, the government is taking measures to prevent a similar situation this year. MSP Wheat Procurement to Begin Nationwide in April Currently, wheat procurement at MSP has started in Rajasthan and Madhya Pradesh, with a significant amount of wheat being purchased from farmers. The government has also provided a bonus above MSP (₹2425) in these states to encourage farmers to sell wheat at MSP. As a result, more farmers are inclined to sell their wheat at MSP, though some are still attracted to higher prices in the market. Sources suggest that the government may allow wheat to be purchased above MSP in the coming days and will continue to monitor stock levels closely. Market Outlook The pressure of new arrivals is causing a downward trend in prices, with current prices hovering around MSP or slightly below. In the coming days, as procurement increases, the market may remain stable at these levels. It is unlikely that prices will either fall further or rise significantly. However, once MSP procurement ends, there may be a slight dip in prices, though recovery is expected, as traders anticipate a lower production this year. Government estimates predict a wheat production of 115 million tons, which may lead to a balance between supply and demand.