Weekly Review-Gram

15-Feb-2025 08:23 PM

Gram prices fall due to increased selling pressure

This week's review highlights a noticeable decline in gram prices due to various factors, including increased selling pressure and weak demand. The gram market has seen a lot of profit booking, as buyers have shown limited interest, especially from dal millers, due to the weak demand for gram dal and gram flour. This lack of demand has resulted in decreased support for the rising prices.

The availability of new gram from the producing markets is rising, with new arrivals from Madhya Pradesh and Rajasthan expected to increase in March, and continued imports from Australia. All these factors are putting additional pressure on gram prices. This situation suggests that selling now, in line with profit booking, may be beneficial.

Here are the specific details by region:

  • Delhi: Prices fell by Rs 75 per quintal, with the price at the end of the week remaining at Rs 6025/6050 for Madhya Pradesh and Rs 6125/6150 for Rajasthan.
  • Port: In Mumbai, prices of Tanzania and Australian gram dropped by Rs 50 per quintal, reaching Rs 5725/5750 and Rs 5875/5900 per quintal respectively.
  • Rajasthan: Prices in Rajasthan fell by Rs 100/150 per quintal due to weak buying and increased selling by stockists. Prices at the end of the week ranged from Rs 4500 to Rs 6175 per quintal depending on the location.
  • Maharashtra: Maharashtra saw a Rs 100/200 per quintal decline, with prices between Rs 5500 and Rs 6100 per quintal at the weekend.
  • Madhya Pradesh: Prices in Madhya Pradesh saw an increase of Rs 100/200 per quintal, with prices ranging from Rs 5500 to Rs 6375 per quintal depending on the location.
  • Other Locations: Raipur gram dropped by Rs 50 per quintal, with the weekend price at Rs 5850/5900, and Kanpur gram also saw a Rs 50 per quintal fall, settling at Rs 6300.

For gram dal, prices fell by Rs 50/100 per quintal due to the weak demand for gram. Prices ranged from Rs 7000 to Rs 7450 per quintal depending on the region.

Overall, weak demand, rising supplies, and continued imports suggest that the gram market may remain under pressure in the coming weeks.

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