Industry participants expect India's 2025-26 wheat output to rise by at least 5 million tonnes to over 122 million tonnes, versus 117.5 million last year. Traders warn that prices could fall below the INR 2,425 per 100 kg minimum support price, and that the government may need to boost procurement or open exports.
Indore prices are currently around INR 2,725.
Higher output with large carryover stocks and subdued mill demand points to lower Indian wheat prices and a possible glut that could ease global wheat supply.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.