Weekly Review – Gram (Chana)

New Delhi: Gram prices maintained an upward trend throughout the current week, driven by weak arrivals and robust demand. Market availability remains tight as arrivals in producing markets are significantly lower compared to the same period last year. Market sentiment is further bolstered by expectations of reduced sowing for the upcoming new crop. Due to limited availability, pulse mills are struggling to procure raw material according to their requirements. Consequently, gram prices have risen by approximately ₹100 per quintal over the last 2-3 days. Arrivals of domestic gram have remained sluggish in most producing markets for about a fortnight, while demand has shown relative improvement. High costs of imported gram are also supporting the domestic market; prices remain high in Australia, making even old stocks expensive for Indian importers. Meanwhile, prices in Canada are reported to be around $700 per tonne. Additionally, rising freight costs are further increasing the landed cost of imports, thereby weakening the competitiveness of imported gram against the domestic variety. Given the limited domestic availability and high costs of Australian stock, prices for domestic gram are likely to remain firm in the near future. Sustained buying by pulse millers led to a notable rise of ₹150 per quintal in Delhi gram prices this week; rates reached ₹6,625–₹6,650 per quintal for the Madhya Pradesh variety and ₹6,700–₹6,725 per quintal for the Rajasthan variety.

The market for imported gram saw an increase this week, driven by reduced selling pressure and heightened buying interest among importers. Sustained demand pushed the price of imported gram up by ₹100 per quintal. By the weekend, prices for Tanzanian gram stood at ₹6,500 per quintal at Mumbai port, Australian gram at ₹6,700 at Nhava Sheva port, and imported gram at ₹6,600 per quintal at Mundra port.

Due to subdued selling and limited buying, gram prices in Rajasthan rose by ₹50–100 per quintal this week. Consequently, weekend rates settled at ₹5,400–6,050 in Jodhpur, ₹6,700 in Jaipur, ₹6,000–6,250 in Bikaner, ₹6,000–6,200 in Kishangarh, and ₹5,500–6,200 per quintal in Kota.

With stockist selling quieting down and demand from pulse millers increasing, Maharashtra saw a significant rise of ₹150–250 per quintal in gram prices this week. Weekend rates reached ₹6,500–7,150 in Solapur, ₹6,400–6,500 in Latur, ₹6,975–7,000 in Akola, ₹6,950 in Nagpur, and ₹6,400–6,600 per quintal in Ahmednagar.

Sustained buying led to a price increase of ₹50–100 per quintal for gram in Madhya Pradesh this week. By the weekend, prices stood at ₹6,000–6,300 in Ashoknagar, ₹5,800–6,400 in Ganjbasoda, ₹6,000–6,350 in Sagar, ₹6,550–6,600 in Katni, and ₹6,650–6,850 per quintal in Indore.

Supported by a broad-based rally and increased buying, gram prices in Kanpur rose by ₹50 per quintal this week, reaching ₹6,750 per quintal by the weekend. Similarly, gram prices in Raipur saw an increase of ₹50 per quintal this week, with rates reaching ₹6,600–₹6,800 per quintal by the weekend.

Driven by sustained demand, chana dal prices rose by ₹100–₹200 per quintal during the week. Consequently, weekend rates stood at ₹7,750–₹8,100 in Delhi, ₹7,950–₹8,100 in Bhatapara, ₹7,900 in Katni, ₹7,800–₹7,900 in Gulbarga, ₹8,000–₹8,500 in Jalgaon, ₹7,700 in Jaipur, and ₹7,450–₹7,550 in Kanpur per quintal.