Expectations of better production and increasing imports are likely to put pressure on the price of gram

29-Jan-2025 10:58 AM

It sounds like there’s quite a shift in the gram market right now, with multiple factors influencing prices.

The combination of increased domestic sowing, larger imports (including from Australia), and a good yield this season is creating a situation where supply is outpacing demand.

This is particularly evident in markets like Karnataka, Maharashtra, and Madhya Pradesh, where prices have dropped significantly.

The government's decision to raise the minimum support price (MSP) by Rs 210 is a positive move for farmers, but it seems like market prices are still being pressured downward by the abundance of supply.

The fact that imports are allowed duty-free until March 2025 and that there is a significant stock of yellow peas available also adds to the overall supply glut.

How do you think this will impact local farmers in terms of their income, especially considering the drop in market prices?