Source: Business Standard
Being 15.8 per cent higher than the previous year's output, prices could suffer less stress. With high domestic demand and low output in the past, the wholesale price has been on an uptrend: The average all-India wholesale price has risen since early 2010 to peak last September at Rs.6,612.85 a quintal. The high output now has led to some moderation in the price and in July, so far, the average wholesale price stands at Rs.6,431.45 a quintal. The minimum support price for 2013-14 has been fixed at Rs.4,300 a quintal. While in March, duty free import of arhar was allowed for yet another year, the fall of the rupee has hit prices. Also, with reports of a proposed import duty to protect domestic farmers, prices are not expected to slide significantly.
IPM data till week ending July 20. The Indicus Price Monitor, a product of Indicus Analytics Pvt Ltd, tracks real-time wholesale prices for 60 agricultural products from more than 3,000 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