Desi Gram Prices Expected to Surge Again After Recent Correction
Recent Correction Followed by Anticipated Rise and Production Drop
Desi gram prices have seen significant changes recently. Two weeks ago, prices surged due to low production and high import costs. However, profit booking led to a correction of $0,036 per kg, resulting in a quick rise of $0,007 per kg.Desi gram production has dropped by 42-43% across major states like Madhya Pradesh, Maharashtra, Rajasthan, Andhra Pradesh, and Karnataka. Consequently, supply in these markets has decreased by 46-47% compared to last year. Among all pulses, Desi gram dal remains cheaper, boosting its consumption. Despite a recent $0,12 per kg rise, a correction of $0,036 followed. With reduced supply and high international prices, a substantial future increase is likely. In Delhi, Desi gram prices have jumped to $0,85 per kg. In Indore, Bhopal, Gwalior, and Agra, prices are higher than in Delhi due to limited supply. In Kota, average quality Desi gram is sold at $0,80 per kg.
Regional Variations and Quality Issues
This season, the quality of gram in regions like Nohar, Bhadra, Sawai Madhopur, Taranagar, and Sardarshahar is low, resulting in lower productivity per hectare. Consequently, local dal mills are purchasing these goods. North India, including Delhi, is seeing fewer arrivals of gram. In Maharashtra, average quality gram has been mostly consumed by pulse mills in the Jalgaon Akola line. Since the new crop arrived just two and a half to three months ago, there hasn't been much stockpiling in producing areas. Good quality goods from Indore have been bought by mills in Karnataka and Andhra Pradesh. Prices are also high in Gwalior, Bhopal, Sagar, and Binaganj lines due to limited arrivals.Desi gram prices are poised for a significant increase following recent market corrections. Decreased production and supply, coupled with strong consumption and high international prices, suggest a substantial future rise. Traders estimate gross production at 6.8 to 7 million metric tonnes. Despite current uncertainties, the gram market remains bullish.
