Gram Prices Hit Record High, Crossing Rs. 9000 Mark

Key Highlights

• Gram prices reach a record high, surpassing Rs 9000 per quintal.
• Maharashtra, Uttar Pradesh, and Rajasthan see prices above MSP.
• Nationwide average at Rs 8448.75 per quintal.
• Decreased production and import duty removal were cited as price rise factors.
• Future outlook: Prices are expected to stay above MSP, benefiting farmers.

This year has been favorable for farmers across the country, with not only wheat but also gram fetching better prices in the market. Gram, also known as chickpea, has witnessed a rise in its prices across various markets, bringing smiles to the faces of gram cultivators.

Maharashtra Markets Show Strong Performance

In Maharashtra, gram prices have soared above the Minimum Support Price (MSP) in many mandis. In Buldhana Mandi, 158 quintals of chickpea fetched a maximum price of Rs 9250 per quintal, while in Osa Mandi of Latur district, it reached Rs 8450 per quintal, both surpassing the MSP set by the Central Government at Rs 5440 per quintal. This marks a significant boon for farmers, elevating their income prospects and encouraging further cultivation.

Also Read: Mahindra & Mahindra Collaborates with the Ministry of Skill Development and Entrepreneurship (MSDE) for Drone Didi Yojana

Nationwide Trends

According to online commodity market data, the average gram price in major markets across the country stands at Rs 8448.75 per quintal. The lowest recorded price is Rs 6,950 per quintal, whereas the highest price soared to Rs 11,000 per quintal. Such fluctuations underscore the dynamic nature of agricultural markets, influenced by various factors including demand-supply dynamics, weather conditions, and government policies.

Regional Market Insights

Maharashtra Markets:

• Bhiwarpur Market: Rs 7550 per quintal.
• Ausa Mandi: Rs 8450 per quintal.
• Bhuldhana Mandi: Rs 9250 per quintal.
• Pune Market: Rs 7500 per quintal.

Uttar Pradesh Markets:

• Mungra Badshahpur Mandi: Rs 7170 per quintal.
• Rasada Mandi: Rs 7110 per quintal.
• Pratapgarh Market: Rs 7450 per quintal.
• Gautam Buddha Nagar Market: Rs 7350 per quintal.
• Jaunpur Market: Rs 7125 per quintal.

Rajasthan Markets:

• Kota Mandi: Rs 5800 to Rs 6330 per quintal.
• Bikaner Grain Market: Rs 6200 to Rs 6471 per quintal.
• Nohar Mandi: Rs 6381 per quintal.
• Pilibanga Mandi: Rs 6249-6271 per quintal.
• Abohar Mandi: Rs 6000-6160 per quintal.

Factors Driving Price Rise

The rise in gram prices is attributed to decreased production and lesser arrivals in mandis. Despite the removal of import duties till October 2024 to stabilize prices, gram prices continue to soar, indicating strong demand in the domestic market. This underscores the resilience of the agricultural sector and its responsiveness to various stimuli.

Future Market Outlook

Market experts anticipate a sustained upward trend in gram prices due to staggered harvesting by farmers, resulting in reduced arrivals. While prices may stabilize as arrivals increase, they are expected to remain above MSP, promising continued benefits for farmers. This optimism bodes well for the agricultural community, fostering a positive outlook and incentivizing further investment and innovation in the sector.

Also Read: Compensation for Crop Loss: Relief for 16 Lakh Farmers

CMV360 Says

The rise in gram prices signals a promising era for farmers nationwide, supported by favorable market conditions. Despite challenges, including reduced production and fluctuating demand, the resilience of the agricultural sector shines through. With prices expected to remain vital, farmers can anticipate sustained benefits. This positive trajectory underscores the importance of market insights and adaptive strategies in ensuring prosperity and growth in agriculture.