Gram prices improve due to improved demand

Weekly Review of Gram Prices

Overview: Gram prices showed improvement this week, driven by weakening selling pressure and stronger demand. However, over the weekend, prices saw a dip due to lack of customer support. The ongoing rains in Australia, which are delaying the gram harvest, have caused issues for farmers in delivering the crop, which is also affecting exports. This supply delay may continue to support price increases.

Australian Desi Gram Prices:

• Australian Desi gram prices remain strong, with trade activities influencing local prices. The bulk vessel price for Australian Desi gram in India stands at USD 695/MT (J) CNF India, while quotes for ready shipments are higher, around USD 750/MT for CHK1 (24/25).
• At the local level, prices increased, with Delhi gram improving by Rs. 25 per quintal this week, bringing Madhya Pradesh line prices to Rs. 6875/6900 and Rajasthan line to Rs. 6975/7000 per quintal by the weekend.

Port Market:

• The port market saw price increases this week due to weakening selling and rising demand. Prices of Tanzania gram rose by Rs. 100, reaching Rs. 6400/6450 per quintal, while Australian gram prices also saw an increase of Rs. 100, reaching Rs. 6700 for old and Rs. 7000 for new per quintal by the end of the week.

Regional Prices:

• Rajasthan: Prices in Rajasthan increased by Rs. 50-100 per quintal due to weak selling and increased buying. Weekend prices are as follows:
  • Jodhpur: Rs. 5700/6500
  • Jaipur: Rs. 6925/7025
  • Bikaner: Rs. 6500/6600
  • Kishangarh: Rs. 5000/6300
  • Kota: Rs. 5000/6350
• Maharashtra: Increased demand from dal millers boosted prices by Rs. 50-100 per quintal. The weekend prices were:
  • Solapur: Rs. 6500/7100
  • Akola: Rs. 6900/6950
  • Nagpur: Rs. 6975/7000
  • Udgir: Rs. 5500/6800
  • Ahmednagar: Rs. 6600/6800
• Madhya Pradesh: With increased selling from stockists and rising demand, prices went up by Rs. 100-200 per quintal, bringing weekend prices to:
  • Ashoknagar: Rs. 6600/6650
  • Ganjbasoda: Rs. 6200/6800
  • Sagar: Rs. 5800/6400
  • Damoh: Rs. 5700/6250
  • Katni: Rs. 6725/6775
  • Indore: Rs. 6700/6850
• Karnataka: Due to weak availability and increased buying, Karnataka gram prices rose by Rs. 100 per quintal. Weekend prices were:
  • Gulbarga: Rs. 7100/7400
  • Bidar: Rs. 6100/6565
  • Gadag: Rs. 6040/6771

Other Regions:

• Raipur: Raipur gram prices increased by Rs. 100 per quintal, reaching Rs. 6700/6850 at the weekend.
• Kanpur: Prices in Kanpur also rose by Rs. 100 per quintal, reaching Rs. 6900 at the weekend.

Gram Dal Prices:

• Due to the uptrend in chana prices, gram dal prices also saw an increase of Rs. 50-100 per quintal. Weekend prices were:
  • Delhi: Rs. 8100/8500
  • Bhatapara: Rs. 8450
  • Katni: Rs. 8250
  • Gulbarga: Rs. 8600/8700
  • Jalgaon: Rs. 8200
  • Indore: Rs. 7900/8200
  • Jaipur: Rs. 7975
  • Kanpur: Rs. 8050/8150

Conclusion: Gram prices have shown a positive trend this week, supported by higher demand and the delay in the harvest due to weather conditions in Australia. The outlook remains favorable for prices in the near term due to supply chain delays and ongoing buying activity across regions.