Source: Business Standard
While this rise is not coming through very starkly through the Wholesale Price Index (WPI) data, the all-India wholesale price of urad dal has risen steadily over the past eight months and has crossed the level of Rs.6,000 a quintal since February — a level last seen in 2010, when the crop was hit by poor rains. The 2nd Advance Estimates for 2013-14 have set the main kharif output down by 17.5 per cent and rabi by 12.8 per cent; while this still makes for the fourth highest output ever, the current estimate of 1.59 million tonnes of annual output was now significantly lower than the target of 1.83 million tonnes. The all-India retail price of urad dal crossed Rs.60 per kg. in October and has currently averaging above Rs.65 since last month, reflecting the uptick in prices, due to strong demand and lower supplies.
IPM data till week ending March 15. 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 (WPI). However, broad trends are in sync.