Weekly Review-Gram

08-Jun-2024 08:29 PM

Gram prices rise due to slowdown in selling at low prices and increase in buying
New Delhi. Gram prices increased this week due to slowdown in selling at low prices and better demand. Due to decrease in availability of gram in producing markets and stoppage of selling at lower prices, demand of dal millers increased for gram, which supported the rising prices. After India opened gram imports, sowing of gram in Australia may increase. According to ABARES, gram sowing may jump 80% to 7.3 lakh hectares. 24% more than 10 yearly average. Weather in Queensland and New South Wales is favorable for the crop. Gram production was reported to have jumped 133% to 11 lakh tonnes from last year. Due to better buying by dal millers, Delhi gram prices registered a rise of Rs. 75/100 per quintal this week and with this increase, the prices at the end of the week reached Madhya Pradesh line Rs. 7200/7225 and Rajasthan line Rs. 7250/7275 per quintal.
 

Port
 

Due to the support of the rise in Desi gram and increase in demand, Mumbai Tanzania gram prices registered a rise of Rs. 100 per quintal this week and with this improvement, the prices reached Rs. 6550 per quintal at the end of the week.

Rajasthan

Due to the slowdown in selling and increase in demand from dal millers, Rajasthan gram prices registered a rise of Rs. 100/200 per quintal during the current week and with this increase, the prices at the end of the week reached Jodhpur Rs. 5600/6650, Jaipur Rs. 7250/7300, Bikaner Rs. 7000 and Kishangarh Rs. 6600/6750 per quintal. Maharashtra
Due to weak selling and continued buying, Maharashtra gram prices witnessed an increase of Rs. 100/200 per quintal this week and with this increase, the weekend prices became Solapur Rs. 6200/7150, Akola Rs. 6950/6975, Nagpur Rs. 6950/7000, Udgir Rs. 6300/6800 and Ahmednagar Rs. 6650/6850 per quintal.

Madhya Pradesh

Due to increased buying, Madhya Pradesh gram prices witnessed an increase of Rs. 100/200 per quintal this week and with this increase, the weekend prices became Ashoknagar Rs. 6800/6900, Bina Rs. 6700/7000, Ganjbasoda Rs. 6500/6800, Katni Rs. 7125/7175 and Indore Rs. 7200 per quintal.

Karnataka

Due to increased demand, Karnataka gram prices registered a rise of Rs. 100/200 per quintal during the current week and with this increase, the prices at the weekend became Gulbarga Rs. 6600/7100, Bidar Rs. 5690/6945, Gadag Rs. 5369/6900 and Talikota Rs. 5811/6767 per quintal.

Others

Due to better demand, Raipur gram witnessed a rise of Rs. 100 per quintal this week and with this increase, the prices reached Rs. 7000/7100 per quintal at the weekend. Similarly, Kanpur gram also increased by Rs. 25 per quintal this week and reached Rs. 7175 per quintal at the weekend.

Gram Dal

Due to bullish support of gram and increased buying, prices of gram dal have improved by Rs. 100/200 per quintal during the current week and with this improvement, the prices at the weekend became Delhi Rs. 8400/8700, Bhatapara Rs. 8200, Katni Rs. 8550, Gulbarga Rs. 8100/8300, Jalgaon Rs. 8350, Indore Rs. 8350 and Kanpur Rs. 7800/7900 per quintal.