As of December 2024, the retail price index of wheat in India was over 144. This was an increase as compared to previous year in December when the retail price index was over 140. Retail prices index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

In 2024, the Indian wheat market decreased by -0.5% to $32B for the first time since 2020, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.8% from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $32.2B in 2023, and then declined slightly in the following year.

Wholesale Price: Average: Wheat: All India data was reported at 2,228.850 INR/Quintal in Nov 2018. This records an increase from the previous number of 2,204.920 INR/Quintal for Oct 2018. Wholesale Price: Average: Wheat: All India data is updated monthly, averaging 1,897.060 INR/Quintal from Jan 2009 (Median) to Nov 2018, with 119 observations. The data reached an all-time high of 2,228.850 INR/Quintal in Nov 2018 and a record low of 1,209.330 INR/Quintal in Apr 2009. Wholesale Price: Average: Wheat: All India data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC068: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Wheat.

In fiscal year 2024, the procurement price of wheat across India was over 2,275 Indian rupees per quintal. This was an increase compared to the previous year's procurement price. During fiscal year 2023, the export value of wheat from the south Asian nation amounted to over 1,519 million U.S. dollars.

Wheat fell to 562.25 USd/Bu on July 3, 2025, down 0.31% from the previous day. Over the past month, Wheat's price has risen 3.50%, but it is still 4.78% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat - values, historical data, forecasts and news - updated on July of 2025.

The Wholesale Price Index of wheat across India during financial year 2024 was over 193. The price index value of wheat increased by about 68 percent from the base year of 2012. An overall increase in the price index was seen over the years since financial year 2013.

India Minimum Support Price: Rabi Crops: Wheat data was reported at 2,425.000 INR/Quintal in 2025. This records an increase from the previous number of 2,275.000 INR/Quintal for 2024. India Minimum Support Price: Rabi Crops: Wheat data is updated yearly, averaging 595.000 INR/Quintal from Jun 1976 (Median) to 2025, with 50 observations. The data reached an all-time high of 2,425.000 INR/Quintal in 2025 and a record low of 105.000 INR/Quintal in 1976. India Minimum Support Price: Rabi Crops: Wheat data remains active status in CEIC and is reported by Directorate of Economics and Statistics, Department of Agriculture and Farmers Welfare. The data is categorized under Global Database’s India – Table IN.PA001: Minimum Support Price.

India Retail Price: DCA: Daily: Wheat: North-East Zone: Aizwal data was reported at 20.000 INR/kg in 09 Apr 2014. India Retail Price: DCA: Daily: Wheat: North-East Zone: Aizwal data is updated daily, averaging 20.000 INR/kg from Apr 2014 (Median) to 09 Apr 2014, with 1 observations. India Retail Price: DCA: Daily: Wheat: North-East Zone: Aizwal data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PB024: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Daily: by Cities: Wheat.

In December 2022, the average retail price per kilogram of wheat flour in the costal Indian city of Mumbai was almost 52.4 Indian rupees. In comparison, the average retail price of one kilogram of wheat flour in Delhi amounted to just above 32.7 Indian rupees, higher than the national average of 36.9 Indian rupees.

In financial year 2024, the minimum support price for wheat was nearly 2.3 thousand Indian rupees in India. Wheat is a staple across the country, grown largely in the central and northern regions. MSP is a market intervention and farmer income scheme by the Indian government. The effectiveness of MSP, however, varies depending on the region largely due to the lack of farmer awareness.

In 2023, overseas shipments of wheat decreased by -97.7% to 158K tons for the first time since 2019, thus ending a three-year rising trend.

Wholesale Price: DCA: Monthly Average: Wheat: East Zone: Pakur data was reported at 3,268.970 INR/Quintal in Aug 2023. This records an increase from the previous number of 3,200.000 INR/Quintal for Jul 2023. Wholesale Price: DCA: Monthly Average: Wheat: East Zone: Pakur data is updated monthly, averaging 3,200.000 INR/Quintal from Nov 2022 (Median) to Aug 2023, with 10 observations. The data reached an all-time high of 3,268.970 INR/Quintal in Aug 2023 and a record low of 2,271.430 INR/Quintal in Nov 2022. Wholesale Price: DCA: Monthly Average: Wheat: East Zone: Pakur data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PD116: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Wheat.

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Wheat Market Size 2025-2029

The wheat market size is forecast to increase by USD 87.6 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant shifts driven by several key trends and challenges. The growing vegan population represents a notable trend, as an increasing number of consumers adopt plant-based diets, leading to a higher demand for wheat-based food products and supplements. Simultaneously, the expansion of retail stores offering organic wheat-based supplements caters to the health-conscious consumer segment, further fueling market growth. The market plays a significant role in the global food industry, with its production and consumption influencing various sectors such as food manufacturing, food retail, and food service. However, the market faces challenges due to climate change and unpredictable weather patterns. Extreme weather conditions, such as droughts and heavy rainfall, can negatively impact wheat production, leading to supply chain disruptions and price volatility.
These challenges necessitate strategic planning and adaptability from market players to ensure a consistent supply of high-quality wheat products and maintain competitiveness. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on innovation, sustainability, and risk management strategies. Durum wheat, a key component in pasta and craft beer production, is also gaining attention, and will subsequently help with market expansion in the coming years. 

What will be the Size of the Wheat Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses various aspects, including gluten-free wheat, grain drying, and farming practices. Farmers employ precision agriculture to optimize wheat production, while grain drying ensures optimal moisture levels before storage in silos. Flour fortification enhances nutritional value, and flour milling technology, such as roller mills and stone mills, transforms wheat into various products like pasta and bread. Grain transportation and handling are crucial components, with grain elevators facilitating efficient movement. Grain inspection ensures grain quality, and certification guarantees adherence to industry standards. Wheat-based products, including bakery items, require careful flour blending and gluten content control. Wheat industry trends lean towards organic and non-GMO production, sustainability, and innovation in flour milling technology. The market is expected to witness notable expansion due to its increasing use in various industries, including food and animal feed.
Grain cleaning and grain storage are essential for maintaining grain quality and mitigating wheat price volatility. Pastry making and bread making continue to be significant applications, with the bakery industry driving demand for high-quality wheat and flour. Flour milling technology advances, such as grain inspection and grain handling systems, contribute to improved grain quality control. The market outlook remains positive, with ongoing research and development in wheat farming practices and wheat substitutes.

How is this Wheat Industry segmented?

The wheat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Human
  Feed


Type

  Hard red winter
  Hard red spring
  Soft red winter
  Others


Distribution Channel

  Direct sales (B2B)
  Retail stores
  Online platforms


Geography

  North America

    US


  Europe

    France
    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Pakistan
    South Korea


  Rest of World (ROW)

By Application Insights

The human segment is estimated to witness significant growth during the forecast period. Wheat, a significant global staple food, is renowned for its high carbohydrate content, primarily in the form of starch. Beyond its carbohydrate value, wheat offers essential nutrients, including protein, vitamins, soluble fiber, and phytochemicals. Consequently, wheat-based foods are popular worldwide, catering to both human consumption and industrial applications. These include refined wheat flour, pasta, noodles, beverages like wheat beer and malted milk, and various other processed goods. Wheat farming involves the use of fertilizers, herbicides, and water for optimal growth. Diseases and pests pose challenges to production, necessitating ongoing research and innovation. Winter and spring wheat varieties are cultivated, with spring wheat being more commonly used for food products due to its higher protein content.

Wheat proce

On this page, you will find the latest market prices for wheat today. Know if there has been a rise in wheat prices in recent days.

Interactive chart of historical daily wheat prices back to 1975. The price shown is in U.S. Dollars per bushel.

Wholesale Price: DCA: Monthly Average: Wheat: East Zone: Nabarangapur data was reported at 2,800.000 INR/Quintal in Aug 2023. This records an increase from the previous number of 2,371.430 INR/Quintal for Jul 2023. Wholesale Price: DCA: Monthly Average: Wheat: East Zone: Nabarangapur data is updated monthly, averaging 2,800.000 INR/Quintal from Jan 2023 (Median) to Aug 2023, with 7 observations. The data reached an all-time high of 4,015.000 INR/Quintal in Jan 2023 and a record low of 2,100.000 INR/Quintal in Jun 2023. Wholesale Price: DCA: Monthly Average: Wheat: East Zone: Nabarangapur data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PD160: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Wheat (Discontinued).

In 2024, the Indian wheat and meslin flour market increased by 0.9% to $3.1B, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wheat and meslin flour consumption peaked in 2024 and is likely to see gradual growth in the immediate term.

In financial year 2022, Uttar Pradesh had the highest production volume of wheat at over 33 million metric tons across India. By contrast, the states of Sikkim and Tripura had a production volume of 100 metric tons respectively in the same period. The overall wheat production was over 107 million metric tons during that year. Wheat export Over 2.12 billion U.S. dollars’ worth of wheat was exported from India in 2022. Despite being the world’s third-largest wheat producer, India banned the export of wheat which led to an inflation in wheat prices and other products in the international markets in 2022. The government planned to extend the ban on wheat exports. The leading destination for wheat export was Bangladesh, followed by Sri Lanka and the United Arab Emirates. Wheat retail India’s wheat prices remained persistently high and have only slightly decreased despite several government efforts to reduce the cost of wheat. The retail price of wheat in the market increased by 11 percent. Furthermore, the city of Mumbai had the highest retail price of wheat flour at over 40 Indian rupees per kilogram, higher than the national average.

The central state of Madhya Pradesh in India recorded the highest average harvest price for wheat in financial year 2022. Rajasthan ranked second at over 2,100 rupees per quintal.

The Farm Harvest Price, for a commodity, is defined as the average wholesale price at which the producer sells the commodity to the trader at the village site during the specified marketing period after the commencement of harvest.

The Wholesale Price Index of grain mill products across India during financial year 2024 was around 176. An overall increase in the price index was seen over the years from financial year 2013 in the country.