Source: Business Standard

However, the target for this year was 3.2 million tonnes, which reflects the high demand, and therefore, price pressure. Prices of arhar have 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. Though last year’s crop helped moderate prices, its wholesale price dropped to Rs.6,263.23 a quintal in March this year, before rising again, to Rs.6,435.15 in September. Retail prices that had crossed Rs.70 a kg last year and are now averaging Rs.69 a kg. Prices have not fallen significantly due to many reasons. The minimum support price for 2013-14 has been fixed at Rs.4,300 a quintal, an 11.68 per cent rise over last year. Though duty-free import was allowed in March, the rupee slide since then has tempered large benefits to domestic prices.

IPM data till week ending September 28. The Indicus Price Monitor (IPM), 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 Wholesale Price Index. However, broad trends are in sync.