Kabuli gram market in Canada remains stable due to slow exports

25-Oct-2024 06:18 PM

Vancouver. The price of Kabuli gram in the markets of western Canada has remained stable in a certain range since the beginning of the current marketing season because the pace of its export shipment is slow and foreign importers are not showing any hurry in buying it.

This is contrary to the general trend because usually good exports of Canadian gram have been taking place during August to December.

According to critics, if seen at the global level, the import of Desi gram in India has started increasing rapidly and this trend is expected to continue in the future as well because the arrival of new gram has started in Australia.

This will help India to meet the domestic demand and requirement of gram till the harvesting of the new crop begins in the Rabi season.

Australian gram may soon reach many other countries including India, Pakistan and Bangladesh, due to which Canada may face difficulty in increasing the pace of export of Kabuli gram.

At present, the price of number 2 grade Kabuli gram in the Canadian market is stable around 40 cents per pound in which the mixture of 7 mm size grains is 10 to 15 percent and the mixture of 9 mm grains is 30 percent.

This price level is for delivery till the end of the year. The price of better quality goods is going a little higher than this. The sowing season of gram has officially started in India.

Due to the high market price, there are chances of increase in area this time. The government has also increased the minimum support price (MSP) of gram.

Once again, there is going to be a great production of gram in Australia, due to which the exportable stock will increase.