Chana Market Report

Last week, due to weak demand, gram prices in Delhi fell by Rs 250 to Rs 6000. Due to incoming pressure, prices in local markets also decreased by Rs 200-300. Inbound pressure is good in the mandis of Maharashtra and Gujarat. In the coming 15 days, incoming pressure will also increase in the mandis of Madhya Pradesh and Rajasthan. Due to which a decline in gram is expected. Purchasing by multinational companies is good in Gujarat. Farmers' sales are also good. According to the report, the inward pressure from Gujarat may reduce in the coming 20 days. This year the sowing of gram has reduced by 30~35 percent. There are also reports of damage to crops due to rain in many areas. But in the second advance estimate, the government has reduced the production estimate in the current season (2023-2024) by just one lakh metric tons to 121.61 lakh metric tons, but the actual decline could be much more than this. Government selling may remain weak due to high market prices. The government may start purchasing gram from next month. But it is higher than the market price and government price. This time, farmers' sales at MSP prices may remain weak. Procurement of gram at support price in Rajasthan can start from April 1. Farmers will be able to register from March 16. Due to elections this year, the government will try to keep inflation under control. But if the government does not take some steps then the price of Delhi gram may reach Rs 7000 per quintal by June-July. The future of gram is strong this year.

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