Wheat prices continued to strengthen across major Indian markets due to reduced arrivals caused by adverse weather conditions. Active buying by major companies has further fueled this upward trend. Wheat prices rose by ₹10–₹20 per quintal in key mandis yesterday, resulting in a cumulative increase of ₹30–₹50 per quintal over the past few days—indicating strong market sentiment. The price gap between rain-affected and premium-quality wheat has narrowed significantly to ₹50–₹75 per quintal, compared to ₹100–₹125 last week. With selling pressure easing on slightly damaged wheat, buyers have begun opting for lower-grade stock due to limited availability of high-quality produce. Early Monsoon Forecast Triggers Stocking Forecasts of an early monsoon onset in the Andaman region have prompted major buyers to accelerate their stocking, fearing a decline in the availability of premium wheat. This anticipation has added to the urgency and firmness in the market. Key Market Highlights: Kolkata witnessed a ₹20 per quintal jump in wheat prices, reaching ₹2,820–₹2,825 per quintal. Bulk availability remained limited at these levels, yet buyers showed willingness to pay as high as ₹2,840–₹2,850 for large-volume deals. Delhi markets saw a notable ₹65 per quintal price increase between May 3 and May 7, from ₹2,645 to ₹2,710. Before that, prices had remained steady around ₹2,645 from April 27 to May 3, reflecting a previously sluggish market. The recent spike marks a significant shift in market fundamentals. In Madhya Pradesh, prices rose by ₹20 to ₹2,480–₹2,490 per quintal. The state has raised its procurement target from 60 to 80 lakh tonnes. Rajasthan and Gujarat also saw a ₹10–₹20 rise, with prices reaching ₹2,480–₹2,490 per quintal. Uttar Pradesh remained steady at ₹2,500–₹2,510 per quintal. Southern markets recorded a ₹10 increase, quoting wheat at ₹2,950 per quintal. Government Procurement and Supply Outlook As per official data, the Food Corporation of India (FCI) and state agencies have collectively procured over 283 lakh tonnes of wheat so far—surpassing last year's figure of 238 lakh tonnes for the same period. Food Secretary Sanjeev Chopra has expressed confidence in achieving the revised national procurement target of 332.7 lakh tonnes, up from the earlier goal of 312.7 lakh tonnes. Outlook: Given the current tight supply and high demand, wheat prices are likely to remain firm in the near term. However, it's important to note that prices are now hovering near their highest levels for the month of May, and a correction could occur at any time.