Source: Business Standard
In 2010-11, for instance, the 8.22 mt produced fell short of demand and with low imports due to drop in global production, prices rose steadily through 2011. Lower output in 2011 pushed prices to a peak last September. Moderation in prices came through with arrivals of cheap imports. The all-India average wholesale price of gram touched Rs.6,239.06 a quintal in September, and the record crop of the winter of 2012 has seen prices come down to Rs.4,613.94 a quintal. The average retail price of gram dal that had crossed Rs.66 last September was down to Rs.50.96 a kg in August. Madhya Pradesh, Uttar Pradesh, Rajasthan and Maharashtra are the biggest producers. The good monsoon augurs well for the rabi crop.
IPM data till week ending August 31. The Indicus Price Monitor (IPM), a product of Indicus Analytics Pvt Ltd, tracks real-time wholesale prices for 60 agricultural products from 3,000 mandis. Due to differences in methodology, the IPM levels differ from the corresponding Wholesale Price Index (WPI). Broad trends are in sync.