Source: Business Standard
After that, with good crop, there has been a general decline. However over the last year, the deficient monsoon led to a short period of up-trend that started in May to peak in September, and again recently prices have been rising since March. Currently for the month of May the average all-India retail price of urad is Rs. 58.42 per kg, the lowest price is in the West Zone at Rs. 51.99 and the highest in the North-east Zone at Rs.64.43. The estimates of the kharif output that accounts for two-thirds of India’s annual urad crop were revised upwards by the Ministry of Agriculture in the 3rd Advance Estimates. While the previous estimates had output lower by 11% compared to 2011-12, the revised estimates have output higher by 5.65%. Sowing for this year’s kharif season begins in late-June and being essentially a rain-fed crop, the monsoons will once again determine the trends in price for the year ahead.
IPM data till week ending 25th May 2013. The Indicus Price Monitor, a product of Indicus Analytics Pvt. Ltd. tracks real time wholesale prices for 60 agricultural products from more than 3000 mandis across the country. Due to differences in methodology, the actual levels of the IPM differ from the corresponding WPI, however broad trends are in sync with each other.