Source: Business Standard
The all-India average wholesale prices of gram dal had peaked at Rs.6,239.06 a quintal in September ’12 due to low output the previous year. With arrival of cheap imports, prices moderated and the record crop of the 2012 winter led to further fall in prices, now averaging Rs.4,621 a quintal since August. The minimum support price at Rs.3,000 a quintal is 7 per cent higher than last year’s and in the past, high demand had led to high prices even when production was high. Gram’s average retail price, that struck a high of Rs.66.65 a kg in September ’12, fell to a low of Rs.50.96 a kg in August but moved up slightly again, staying above Rs.51 a kg in the previous two months.
IPM data till week ending November 9. 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.