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Gram prices soar, bringing joy to farmers amidst favorable market conditions, highlighting resilience and potential in agriculture.
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.
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.
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.
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.
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.
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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.