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

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.

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.

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.

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.

Wheat fell to 545.50 USd/Bu on July 11, 2025, down 1.62% from the previous day. Over the past month, Wheat's price has risen 3.61%, but it is still 0.95% 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.

Retail Price: DCA: Monthly Average: Wheat: All India data was reported at 24.870 INR/kg in Nov 2018. This records an increase from the previous number of 24.660 INR/kg for Oct 2018. Retail Price: DCA: Monthly Average: Wheat: All India data is updated monthly, averaging 21.060 INR/kg from Jan 2009 (Median) to Nov 2018, with 119 observations. The data reached an all-time high of 24.870 INR/kg in Nov 2018 and a record low of 13.590 INR/kg in Jan 2009. Retail Price: DCA: Monthly 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.PB071: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Wheat.

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 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.

India Retail Price: DCA: Monthly Average: Wheat: North Zone: Azamgarh data was reported at 26.000 INR/kg in Aug 2023. This records a decrease from the previous number of 26.910 INR/kg for Jul 2023. India Retail Price: DCA: Monthly Average: Wheat: North Zone: Azamgarh data is updated monthly, averaging 24.600 INR/kg from Oct 2021 (Median) to Aug 2023, with 23 observations. The data reached an all-time high of 28.110 INR/kg in Jan 2023 and a record low of 20.660 INR/kg in May 2022. India Retail Price: DCA: Monthly Average: Wheat: North Zone: Azamgarh 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.PC163: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Wheat (Discontinued).

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.

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.

IntroductionThe combined populations of China and India were 2.78 billion in 2020, representing 36% of the world population (7.75 billion). Wheat is the second most important staple grain in both China and India. In 2019, the aggregate wheat consumption in China was 96.4 million ton and in India it was 82.5 million ton, together it was more than 35% of the world's wheat that year. In China, in 2050, the projected population will be 1294–1515 million, and in India, it is projected to be 14.89–1793 million, under the low and high-fertility rate assumptions. A question arises as to, what will be aggregate demand for wheat in China and India in 2030 and 2050?MethodsApplying the Vector Error Correction model estimation process in the time series econometric estimation setting, this study projected the per capita and annual aggregate wheat consumptions of China and India during 2019-2050. In the process, this study relies on agricultural data sourced from the Food and Agriculture Organization of the United States (FAO) database (FAOSTAT), as well as the World Bank's World Development Indicators (WDI) data catalog. The presence of unit root in the data series are tested by applying the augmented Dickey-Fuller test; Philips-Perron unit root test; Kwiatkowski-Phillips-Schmidt-Shin test, and Zivot-Andrews Unit Root test allowing for a single break in intercept and/or trend. The test statistics suggest that a natural log transformation and with the first difference of the variables provides stationarity of the data series for both China and India. The Zivot-Andrews Unit Root test, however, suggested that there is a structural break in urban population share and GDP per capita. To tackle the issue, we have included a year dummy and two multiplicative dummies in our model. Furthermore, the Johansen cointegration test suggests that at least one variable in both data series were cointegrated. These tests enable us to apply Vector Error Correction (VEC) model estimation procedure. In estimation the model, the appropriate number of lags of the variables is confirmed by applying the “varsoc” command in Stata 17 software interface. The estimated yearly per capita wheat consumption in 2030 and 2050 from the VEC model, are multiplied by the projected population in 2030 and 2050 to calculate the projected aggregate wheat demand in China and India in 2030 and 2050. After projecting the yearly per capita wheat consumption (KG), we multiply with the projected population to get the expected consumption demand.ResultsThis study found that the yearly per capita wheat consumption of China will increase from 65.8 kg in 2019 to 76 kg in 2030, and 95 kg in 2050. In India, the yearly per capita wheat consumption will increase to 74 kg in 2030 and 94 kg in 2050 from 60.4 kg in 2019. Considering the projected population growth rates under low-fertility assumptions, aggregate wheat consumption of China will increase by more than 13% in 2030 and by 28% in 2050. Under the high-fertility rate assumption, however the aggregate wheat consumption of China will increase by 18% in 2030 and nearly 50% in 2050. In the case of India, under both low and high-fertility rate assumptions, aggregate wheat demand in India will increase by 32-38% in 2030 and by 70-104% in 2050 compared to 2019 level of consumption.DiscussionsOur results underline the importance of wheat in both countries, which are the world's top wheat producers and consumers, and suggest the importance of research and development investments to maintain sufficient national wheat grain production levels to meet China and India's domestic demand. This is critical both to ensure the food security of this large segment of the world populace, which also includes 23% of the total population of the world who live on less than US $1.90/day, as well as to avoid potential grain market destabilization and price hikes that arise in the event of large import demands.

The average durum wheat import price stood at $378 per ton in June 2023, therefore, remained relatively stable against the previous month.

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.

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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

Retail Price: DOAC: Wheat: Desi: Goa: Panaji data was reported at 32.000 INR/kg in Dec 2017. This stayed constant from the previous number of 32.000 INR/kg for Nov 2017. Retail Price: DOAC: Wheat: Desi: Goa: Panaji data is updated monthly, averaging 24.000 INR/kg from Jan 2005 (Median) to Dec 2017, with 148 observations. The data reached an all-time high of 35.000 INR/kg in Mar 2017 and a record low of 13.000 INR/kg in Feb 2005. Retail Price: DOAC: Wheat: Desi: Goa: Panaji 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 India Premium Database’s Price – Table IN.PC175: Retail Price: Department of Agriculture and Cooperation: Food: by Cities: Wheat: Desi.

The value of wheat exported from India amounted to just over 56 billion U.S. dollars in the fiscal year 2024. This was a significant decrease as compared to the previous year. Since May 2022, India has limited its export on wheat to prioritize domestic consumption.