Weekly Review-Gram
27-Jan-2025 08:03 PM
Gram prices continue to fall as demand remains sluggish
It looks like the gram market has been under some pressure with prices falling across multiple regions due to sluggish demand and increased imports. Here are the key takeaways from the weekly review:
Declining Prices: The ongoing decrease in prices is primarily driven by weak demand from millers, who have limited purchases due to low consumption of gram dal and flour.
Increased Imports: Import volumes from Australia have increased, contributing to the growing supply and putting further pressure on domestic prices. Several shipments of imported gram have reached the ports in January, increasing the available supply.
New Crop Arrival: New gram crops have started arriving in Karnataka and Maharashtra, but the full impact on prices will take time. This year, the area sown with gram has slightly increased compared to last year.
Regional Price Trends:
- Delhi saw a decline of Rs. 275 per quintal.
- Madhya Pradesh and Rajasthan also reported price drops of Rs. 200-300 per quintal.
- Maharashtra experienced a price dip of Rs. 100-200 per quintal, with certain regions showing significant declines.
- Imported Grams: Prices of imported gram from Tanzania and Australia also saw reductions.
Gram Dal Prices: Due to the drop in the price of raw gram and weak buying, gram dal prices also fell by Rs. 150-300 per quintal across various regions.
Overall, the market is facing a combination of weak demand, increased imports, and the arrival of new crops, which continues to weigh on gram prices. If demand remains subdued and the supply of imports continues to rise, it may take a while for the market to stabilize.