Chana domestic and global market scenario expected to change
07-Oct-2024 05:41 PM
Mumbai. According to government data, the production of gram in India declined from 123 lakh tonnes last year to 110.40 lakh tonnes in the current year due to a decline in the sowing area as well as unfavorable weather conditions. Now, with good rains in the southwest monsoon and high market prices, sowing and production of gram is expected to increase. However, there are reports of lack of rain in some important gram producing areas.
However, in Australia, the production of gram was earlier expected to jump sharply to a top level of 20 lakh tonnes during the current year as the weather conditions were favorable along with the increase in sowing area. Earlier, the production of gram was estimated to be 4.91 lakh tonnes in 2023-24 and 5.41 lakh tonnes in 2022-23. Due to bad weather in August-September, the government organization-ABARES has now estimated the production of 1.35 lakh tonnes of gram in the current season of 2024-25. Whereas Russia can produce 50 thousand tonnes. This Desi gram is mainly being supplied to Pakistan.
On September 26, the export offer price of Australian Desi gram for November-December shipment was recorded at $ 800 per tonne, which also included the transportation cost of reaching India and which was 1 percent higher than the prevailing price of $ 795 per tonne in the previous week. Similarly, the price of Australian gram reaching Bangladesh was recorded at $ 840 per tonne and the price of reaching Nepal was $ 890 per tonne, which was 4 percent less than the average price of the last four weeks.
The price of Desi gram in India fell by an average of 1-2 percent to Rs 7925 per quintal in Delhi and Rs 7725 per quintal in Bikaner (Rajasthan). Some improvement was seen in the supply of gram in the domestic division. During the week of 21-27 September, its supply increased by 62 percent to 29,741 tonnes. There will be limited supply of gram in Australia till November and the market price for the upcoming new crop is expected to be almost stable there. Due to exports from Australia not being as expected, the importing countries will have to look for new markets (exporters), due to which the price of gram may remain somewhat strong.