Weekly Review-Gram

07-Dec-2024 08:21 PM

Gram prices fall due to increased selling pressure and tepid demand


Weekly Review of Gram Market Prices

New Delhi – This week, gram prices have seen a decline due to increased selling pressure and weak demand. The lack of interest in purchasing gram dal and gram flour from millers has limited buying activity, resulting in falling prices. Sowing progress for gram in the country has been slow, with a reduction expected in the sowing area in all states except Rajasthan.

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) updated its pulse production estimates, increasing gram production by 42%, from 13 lakh tons to 19 lakh tons. This boost is attributed to favorable weather in New South Wales and Queensland, while bad weather in other regions like Victoria and South Australia reduced lentil yields.

Despite this, the demand from dal millers remains weak. Consequently, the price of gram in Delhi fell by Rs. 175 per quintal this week, with prices ending at Rs. 6700-6725 in Madhya Pradesh and Rs. 6800-6825 in Rajasthan.

Imported Gram Prices: The fall in domestic Desi Chana prices has led to sluggish demand for imported varieties as well. As a result, prices of Tanzanian gram dropped by Rs. 100, and Australian gram prices decreased by Rs. 200 per quintal, settling at Rs. 6300-6350 for Tanzania and Rs. 6600 for old Australian gram, and Rs. 6700-6800 for new Australian gram.

Rajasthan:
Selling pressure from stockists and sluggish demand resulted in a price drop of Rs. 150-250 per quintal in Rajasthan. Prices at various locations were as follows:

  • Jodhpur: Rs. 5600-6300
  • Jaipur: Rs. 6800-6850
  • Bikaner: Rs. 6400-6500
  • Kishangarh: Rs. 5500-6250
  • Kota: Rs. 5000-6200

Maharashtra:
A lack of customers contributed to a Rs. 150-300 per quintal price drop in Maharashtra. The weekend prices were:

  • Solapur: Rs. 6500-7100
  • Akola: Rs. 6800-6825
  • Nagpur: Rs. 6825-6850
  • Udgir: Rs. 6000-6800
  • Ahmednagar: Rs. 6700-6900

Madhya Pradesh:
Increased selling by stockists and sluggish demand caused a price reduction of Rs. 100-200 per quintal in Madhya Pradesh, with weekend prices at:

  • Ashoknagar: Rs. 6300-6450
  • Ganjbasoda: Rs. 6200-6600
  • Sagar: Rs. 5500-6200
  • Damoh: Rs. 5700-6200
  • Katni: Rs. 6550-6600
  • Indore: Rs. 6550-6800

Karnataka:
Contrary to the national trend, Karnataka saw a price increase of Rs. 100 per quintal, due to weak availability and increased buying interest. The weekend prices were:

  • Gulbarga: Rs. 7100-7400
  • Bidar: Rs. 6100-6565
  • Gadag: Rs. 6040-6771

Other Regions:

  • Raipur: Price fell by Rs. 150, reaching Rs. 6600-6700 per quintal.
  • Kanpur: Price dropped by Rs. 75, with weekend prices at Rs. 6825 per quintal.

Gram Dal Prices: Due to the decline in gram prices, gram dal also saw a decrease of Rs. 100-200 per quintal. The weekend prices were:

  • Delhi: Rs. 8000-8400
  • Bhatapara: Rs. 8350
  • Katni: Rs. 8075
  • Gulbarga: Rs. 8600-8700
  • Jalgaon: Rs. 8000
  • Indore: Rs. 7800-8100
  • Jaipur: Rs. 7775
  • Kanpur: Rs. 7900-8000

In conclusion, the gram market is experiencing a decline in prices due to weak demand, slow sowing, and increased selling pressure. Import prices are also impacted by domestic trends, further slowing market activity.

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