Wheat supply and availability remained comfortable in the markets of Delhi, Uttar Pradesh, and Rajasthan, while demand stayed relatively lower. Sowing of this most important Rabi-season grain is progressing strongly, and initial indications suggest that the total sown area may reach a new record. This is expected to significantly boost production. Delhi Market During the last week, wheat prices in Delhi declined by ₹25, settling at ₹2780–2800 per quintal. In Dabra, prices fell by ₹45 to ₹2550–2580, in Itarsi by ₹70 to ₹2350–2450, and in Kota by ₹85 to ₹2400–2535 per quintal. However, wheat prices strengthened in some regions—Ujjain (Madhya Pradesh) saw an increase of ₹100 per quintal, Bundi (Rajasthan) gained ₹40, and Khandwa also recorded a rise of ₹50 per quintal. During the review week, 5,000–7,000 bags of wheat arrived in Delhi daily. Similarly, strong supply was reported in major markets across Gujarat, Madhya Pradesh, Rajasthan, and Uttar Pradesh. Sales Activity The Food Corporation of India (FCI) began auctioning wheat under the Open Market Sale Scheme (OMSS) on 12 November, but millers and processors showed limited interest. Against an offer of 2 lakh tonnes, only 73,000 tonnes could be sold. Production Outlook A stock limit remains in place for wheat, and the next harvest is expected to be excellent. The government has estimated a record production of 117.9 million tonnes for the 2024–25 season. This is likely to keep pressure on the market. In some regions, prices have fallen close to or even below the Minimum Support Price (MSP). As a result, FCI may face difficulties in selling its stock at the current reserve price.