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Wheat Prices Surge: Current Market Rates and Future Predictions
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Key Highlights
- Wheat prices are 30% higher than the MSP of ₹2,425 per quintal.
- Prices have increased 53% compared to three years ago.
- Major markets report record-high wheat prices across India.
- Supply shortages and FMCG demand drive price surge.
- Prices likely to remain high until April 2025.
The price of wheat has been rising continuously, showing no signs of stabilizing despite the government's efforts to control it. Wheat prices are approximately 30% higher than the Minimum Support Price (MSP). The government has imposed stock limits, but the price increase persists. Farmers who have stored their wheat stand to benefit significantly as the market reaches record-high prices.
Also Read: General Budget 2025: PM Kisan Samman Nidhi Yojana Amount Expected to Double
Weekly Increase in Wheat Prices
According to the Central Food Supply and Distribution Department, wheat prices have risen by ₹20 per quintal in the past week. The following table summarizes the price hike:
Wheat Prices in Major Markets
The MSP of wheat for 2025 is set at ₹2,425 per quintal, but current market prices are significantly higher. Below is a breakdown of wheat prices in major markets across India:
Wheat Prices in Rajasthan
Wheat Prices in Gujarat
Wheat Prices in Madhya Pradesh
Wheat Prices in Maharashtra
Wheat Prices in Uttar Pradesh
Reasons for the Rise in Wheat Prices
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