Prices of gram increased in the markets

17-Dec-2024 09:16 AM

Prices of gram increased in the markets
Key Highlights:
Price Trends:
Gram prices in Madhya Pradesh and Maharashtra increased by Rs. 50-100 on 16 December 2024.
In Delhi, gram prices reached a high of Rs.7025 per quintal last week but closed slightly lower at Rs. 6975 per quintal on 16 December.
Market Observations:
Temporary price rises align with earlier predictions by I Grain India.
Import volumes from Australia have been below expectations, but export activity is gradually picking up.
Australia's Role:
Australia aims to ramp up gram exports before the Christmas holidays, aided by a bumper harvest.
India's gram acreage is increasing, with new arrivals expected by February-March 2025.
Trading Advice:
Avoid making deals during prolonged rallies.
Focus on profit booking through selling for better returns.