Weekly Review-Gram
22-Feb-2025 08:17 PM
Decline in prices of gram continues as demand remains sluggish
The weekly review on gram highlights the ongoing decline in prices due to a combination of factors including increased arrivals of the new crop and sluggish demand. Here's a breakdown of the key points:
Overall Price Decline: The prices of gram continue to decrease, with a drop of Rs. 75 per quintal recorded in Delhi due to weak demand from dal millers and a strong supply of new crop. Prices in the producing states are expected to fall further with the arrival of the new crop in Rajasthan and Madhya Pradesh from March.
Port Markets: Prices for imported gram from Tanzania and Australia also saw a decline, with Tanzanian gram dropping by Rs. 150 and Australian gram by Rs. 200 per quintal.
Rajasthan Markets: Rajasthan experienced a decrease of Rs. 100-150 per quintal, influenced by increased selling by stockists and weak demand. Prices varied across regions like Jodhpur, Jaipur, Bikaner, and others.
Maharashtra Markets: Due to the higher availability of new gram and low demand from both dal millers and stockists, prices in Maharashtra declined by Rs. 200-300 per quintal.
Madhya Pradesh Markets: Weak demand led to a Rs. 100-200 per quintal price drop in Madhya Pradesh markets as well.
Other Markets: In Raipur, gram prices fell by Rs. 225 per quintal, while Kanpur saw a Rs. 125 decline.
Gram Dal: As gram prices fell, gram dal prices also saw a decline of Rs. 100-200 per quintal across various markets like Delhi, Bhatapara, Katni, and others.
In summary, the weak demand coupled with the increased supply of new gram in the market has kept prices under pressure, and further declines are expected in the coming weeks.