The wheat market across the country is currently experiencing a downward. Over the past few weeks, prices have neither shown a significant upward movement nor a sharp decline. In Delhi grain markets, wheat prices have slipped from a recent high of ₹2790 per quintal to ₹2720 over the last 15 days. At the beginning of last week, prices opened at ₹2730 per quintal and remained stable until June 28, when they dropped by ₹10 in the evening to ₹2720. Daily arrivals in Delhi are averaging between 8,000 and 10,000 bags. In the mandis of Haryana and Punjab, the price for Good quality wheat has remained steady between ₹2450 and ₹2475 per quintal. Key Reasons Behind the Lack of Price Surge: • A bumper wheat harvest this year — approximately 117 million tonnes. • Free distribution under the PM Garib Kalyan Ann Yojana has limited demand in the open market. • Stockists and millers have already procured sufficient quantities for their needs. • The governments imposition of stock limits and lack of clarity around the OMSS (Open Market Sale Scheme) e-auction have added to the market pressure. Regarding OMSS, market discussions suggest that sales may be postponed until July. If wheat is offered at ₹2550 plus freight, a further price decline is unlikely. Currently, millers and traders are cautious, showing little interest in fresh buying, leading to stable or slightly weaker prices. Mandi Market Media Analysis: The ₹2700 level is seen as a strong support for wheat. A slight dip in prices after the end of government procurement is a common trend and not a cause for concern.