|| Shree Mumba Devi Prasanna ||


AGMARKNET
15 Aug 2022
Wheat : Dara Max Price: 2340 Min Price: 2000   |   Paddy(Dhan)(Common) : Paddy Max Price: 2060 Min Price: 2060   |   Paddy(Dhan)(Common) : I.R. 64 Max Price: 1960 Min Price: 1061   |   Paddy(Dhan)(Common) : 1001 Max Price: 1960 Min Price: 1900   |   Paddy(Dhan)(Common) : Sona Max Price: 2160 Min Price: 1800   |   Paddy(Dhan)(Common) : I.R.-64 Max Price: 1960 Min Price: 1960   |   Paddy(Dhan)(Common) : B P T Max Price: 1960 Min Price: 1960   |   Paddy(Dhan)(Common) : MTU-1010 Max Price: 2060 Min Price: 1760   |   Paddy(Dhan)(Common) : Common Max Price: 2150 Min Price: 1400   |   Rice : Fine Max Price: 5000 Min Price: 3440   |   Rice : III Max Price: 3100 Min Price: 2100   |   Rice : Masuri Max Price: 3000 Min Price: 2800   |   Rice : Sona Max Price: 3410 Min Price: 3150   |   Maize : Deshi Red Max Price: 1870 Min Price: 1870   |   Maize : Hybrid Yellow (Cattle Feed) Max Price: 1900 Min Price: 1700   |   Maize : Yellow Max Price: 2350 Min Price: 1960   |   Maize : Hybrid Max Price: 2120 Min Price: 1800   |   Jowar(Sorghum) : Jowar ( White) Max Price: 2710 Min Price: 2450   |   Bengal Gram(Gram)(Whole) : Desi (Whole) Max Price: 5820 Min Price: 5400   |   Black Gram (Urd Beans)(Whole) : Black Gram (Whole) Max Price: 8500 Min Price: 7500   |   Green Gram (Moong)(Whole) : Local (Whole) Max Price: 6815 Min Price: 6150   |   Green Gram (Moong)(Whole) : Ankola Max Price: 6600 Min Price: 6200   |   Mustard : Laha(Sarsib) Max Price: 5900 Min Price: 5700   |   Mustard : Lohi Black Max Price: 6200 Min Price: 6100   |   Mustard : Sarson(Black) Max Price: 6650 Min Price: 5900   |   Mustard : Mustard Max Price: 7200 Min Price: 6800   |   Soyabean : Yellow Max Price: 6250 Min Price: 5450   |   Cotton : Bramha Max Price: 5750 Min Price: 5550   |   Cotton : RCH-2 Max Price: 6000 Min Price: 5000   |   Apple : Delicious Max Price: 8400 Min Price: 2100   |   Apple : Kasmir/Shimla - II Max Price: 5600 Min Price: 4800   |   Apple : Apple Max Price: 5000 Min Price: 4000   |   Banana : Champa Max Price: 4500 Min Price: 4200   |   Banana : Nendra Bale Max Price: 5200 Min Price: 2500   |   Banana : Banana - Ripe Max Price: 4700 Min Price: 2600   |   Banana : Rasakathai Max Price: 14000 Min Price: 10000   |   Banana : Poovan Max Price: 4000 Min Price: 2500   |   Banana : Robusta Max Price: 3000 Min Price: 2700   |   Banana : Palayamthodan Max Price: 2200 Min Price: 1900   |   Banana : Amruthapani Max Price: 3200 Min Price: 2950   |   Mango : Chausa Max Price: 6050 Min Price: 5800   |   Onion : Nasik Max Price: 2400 Min Price: 900   |   Onion : Red Max Price: 2600 Min Price: 1000   |   Onion : Local Max Price: 1500 Min Price: 800   |   Onion : Onion Max Price: 1700 Min Price: 1100   |   Onion : 1st Sort Max Price: 1900 Min Price: 1600   |   Potato : (Red Nanital) Max Price: 1800 Min Price: 1700   |   Potato : Desi Max Price: 1700 Min Price: 500   |   Potato : F.A.Q. Max Price: 900 Min Price: 700   |   Potato : Jalander Max Price: 2450 Min Price: 2350   |   Potato : Jyoti Max Price: 1980 Min Price: 1940   |   Potato : Local Max Price: 2100 Min Price: 750   |   Potato : Potato Max Price: 2600 Min Price: 1200   |   Potato : Chips Max Price: 1200 Min Price: 1100   |   Garlic : Average Max Price: 3600 Min Price: 3500   |   Garlic : Garlic Max Price: 3800 Min Price: 3550   |   Garlic : China Max Price: 4400 Min Price: 4000   |   Garlic : UP Max Price: 3650 Min Price: 3550   |   Bajra(Pearl Millet/Cumbu) : Hybrid Max Price: 2050 Min Price: 1800   |   Barley (Jau) : Dara Max Price: 2700 Min Price: 2100   |   Cauliflower : Cauliflower Max Price: 6000 Min Price: 725   |   Brinjal : Round Max Price: 3500 Min Price: 1600   |   Brinjal : Round/Long Max Price: 4500 Min Price: 530   |   Brinjal : Arkasheela Mattigulla Max Price: 2200 Min Price: 1000   |   Brinjal : Brinjal Max Price: 4000 Min Price: 1000   |   Arhar (Tur/Red Gram)(Whole) : Arhar (Whole) Max Price: 6600 Min Price: 5700   |   Arhar (Tur/Red Gram)(Whole) : 777 New Ind Max Price: 6300 Min Price: 5675   |   Lentil (Masur)(Whole) : Kala Masoor New Max Price: 7600 Min Price: 7560   |   Lentil (Masur)(Whole) : Masoor Gola Max Price: 7730 Min Price: 7150   |   Papaya : Papaya Max Price: 2900 Min Price: 2150   |   Water Melon : Water Melon Max Price: 1000 Min Price: 900   |   Guar : Gwar Max Price: 5500 Min Price: 5150   |   Mousambi(Sweet Lime) : Mousambi Max Price: 3740 Min Price: 2250   |   Tomato : Deshi Max Price: 3400 Min Price: 800   |   Tomato : Local Max Price: 4550 Min Price: 500   |   Tomato : Hybrid Max Price: 2100 Min Price: 1400   |   Tomato : Tomato Max Price: 2500 Min Price: 1400   |   Bitter gourd : Bitter Gourd Max Price: 4500 Min Price: 800   |   Bottle gourd : Bottle Gourd Max Price: 1820 Min Price: 600   |   Ashgourd : Ashgourd Max Price: 1500 Min Price: 900   |   Pumpkin : Pumpkin Max Price: 2020 Min Price: 450   |   Bhindi(Ladies Finger) : Bhindi Max Price: 4300 Min Price: 750   |   Green Chilli : Green Chilly Max Price: 40000 Min Price: 1900   |   Cowpea(Veg) : Cowpea (Veg) Max Price: 6500 Min Price: 2400   |   Banana - Green : Banana - Green Max Price: 1850 Min Price: 910   |   Beans : Beans (Whole) Max Price: 2500 Min Price: 2300   |   Tapioca : Tapioca Max Price: 3000 Min Price: 2000   |   Ginger(Green) : Green Ginger Max Price: 14000 Min Price: 1500   |   Coconut Seed : Coconut Seed Max Price: 3000 Min Price: 2400   |   Coconut : Coconut Max Price: 2600 Min Price: 2000   |   Carrot : Carrot Max Price: 5500 Min Price: 5400   |   Cabbage : Cabbage Max Price: 4550 Min Price: 450   |   Cucumbar(Kheera) : Cucumbar Max Price: 4500 Min Price: 450   |   Ridgeguard(Tori) : Ridgeguard(Tori) Max Price: 3000 Min Price: 705   |   Raddish : Raddish Max Price: 2000 Min Price: 450   |   Capsicum : Capsicum Max Price: 5500 Min Price: 1400   |   Sweet Pumpkin : Sweet Pumpkin Max Price: 3500 Min Price: 1100   |   Lime : Lime Max Price: 5000 Min Price: 500   |   Jack Fruit : Jack Fruit Max Price: 1200 Min Price: 1000   |   Guava : Guava Max Price: 2450 Min Price: 800   |   Pomegranate : Pomogranate Max Price: 7300 Min Price: 5800   |   Masur Dal : Masur Dal Max Price: 9400 Min Price: 7200   |   Arhar Dal(Tur Dal) : Arhar Dal(Tur) Max Price: 9820 Min Price: 9250   |   Bengal Gram Dal (Chana Dal) : Bengal Gram Dal Max Price: 6680 Min Price: 6640   |   Bengal Gram Dal (Chana Dal) : Bengal Gram (Split) Max Price: 6500 Min Price: 6200   |   Black Gram Dal (Urd Dal) : Black Gram Dal Max Price: 9170 Min Price: 8850   |   Green Gram Dal (Moong Dal) : Green Gram Dal Max Price: 8750 Min Price: 8650   |   Elephant Yam (Suran) : Elephant Yam (Suran) Max Price: 3500 Min Price: 2800   |   Little gourd (Kundru) : Little gourd (Kundru) Max Price: 1700 Min Price: 1400   |   Pointed gourd (Parval) : Pointed gourd (Parval) Max Price: 3400 Min Price: 1500   |   Kartali (Kantola) : Kartali (Kantola) Max Price: 2500 Min Price: 2200   |   Lemon : Lemon Max Price: 4400 Min Price: 800   |   Sponge gourd : Sponge gourd Max Price: 1850 Min Price: 750   |   Papaya (Raw) : Papaya (Raw) Max Price: 2300 Min Price: 2100   |   Colacasia : Colacasia Max Price: 3000 Min Price: 1100   |   Mashrooms : Mashrooms Max Price: 15500 Min Price: 15000   |   Spinach : Spinach Max Price: 1500 Min Price: 1200   |   Tinda : Tinda Max Price: 1200 Min Price: 1000   |   White Peas : White Peas Max Price: 6460 Min Price: 6350   |   Paddy(Dhan)(Basmati) : Basmati 1509 Max Price: 3451 Min Price: 3351   |  

Farmers


Unlocking, reforms spur recovery in agri-trade as food inflation nears double-digit

Unlocking, reforms spur recovery in agri-trade as food inflation nears double-digit

Amid uncertain economic picture, Indian agricultural sector, being viewed by most economist as a sole sweet spot in the Pandemic-hit three-trillion-dollar economy, seems to be rising to the expectations. if the robust recovery since last couple of months is any indication.

Share with : Facebook Whatsapp Twitter Linkedin

MUMBAI, 14 September 2020: Amid uncertain economic picture, Indian agricultural sector, being viewed by most economist as a sole sweet spot in the Pandemic-hit three-trillion-dollar economy, seems to be rising to the expectations. if the robust recovery since last couple of months is any indication. There are still a lot of disturbances and distortions in the farm commodities market in tandem with varied intensities of the virus outbreak and resultant lockdowns. But the recovery in markets is robust enough to indicate the resilience of the farm sector despite rising virus infections in the rural India.

Data showed that in August the value of derivatives trade in agri commodities has come to above 80 percent of pre-COVID levels to around INR 1,100 crore per day.  While value of trade in spot market is not available, the volume spurt points towards a marked recovery in August from April-June quarter, writes Shrikant Kuwlekar, senior journalist covering commodity spot and derivatives market coverage.

Since March, the pandemic of Corona virus has started taking a huge toll on every sector of the economy across the world with varied intensities. Some economies are finding it difficult to survive due to coexistence of other geopolitical issues while some developing countries, India included, are showing far more robustness as far as economic revival is concerned, though the situation continues to be grim.

When it comes to India, one cannot ignore the agricultural sector as it still contributes 17-18 percent to the GDP, and provides livelihood to around 60 percent of the 1.3 billion people in the country. The migration from cities to rural areas in the early stage of the Pandemic has actually increased the dependency on agriculture by at least 10-15 million people for a good as job losses have shut doors for most of them to return back to cities.

A sudden lockdown towards the last week of March had virtually brought the country to a standstill and the agricultural sector was no exception. Also the sector was the worst hit in early part of the lockdown. Blame it on logistical lacunae or lack of efficient supply chains in most farm commodities except dairy, but lakhs of tonnes of fresh farm produce has rotten in the field until end of April in absence of customers. It was coincidence that harvesting of rabi crops was in full swing just before the lockdown announcement and the activity faced a setback and a resultant crop losses initially, though the situation markedly recovered with a government support in a short time.

As per the Agmarketnet data on some largest consumed commodities, arrivals of wheat surged to 7.3 million tonnes in May from 3.7 million tonnes in April. Supply of mustard has gone up to 400,000 ton and chana to over 300,000 tonnes in May from 256,000 tonnes and 151,000 tonnes in April, respectively. Year-on-year, supply of chana, mustard and wheat has risen by 15 percent, 17 percent and 21 percent in June.

Arrival pattern in APMCs may not be strictly comparable this year due to abnormal situation emanating from the Pandemic. However, the supply in spot markets has dipped in June-August, predominantly on account of seasonal factors of heavy rains that disrupt transportation.

Typically, the lower supply actually supports the uptrend in prices and pushes the trading activity which is reflected on commodity exchanges.   

To summarise, the average daily turnover of the National Commodity and Derivatives Exchange (NCDEX), which had slumped to INR 588 crore in May, from INR 698 crore in the preceding month and a little below INR 1,400 crore in January-February, saw a smart recovery in June-August.

Similarly, the daily volume of agri commodities on the competing exchange Multi Commodity Exchange of India (MCX) also has also recovered, albeit at a slower pace to over INR 300 crore from below INR 200 crore in April. In January, the bourse had grossed around over INR 550 crore of daily turnover in January-February.

While we are in the midst of recovery, the question is whether it is sustainable or not. Experts view the recovery as sustainable and there is space for a decent growth due to improved sentiment in agricultural markets after the sector emerged as a clear winner during pandemic situation.

Announcement of three ordinances in early June, now viewed as the path-breaking agricultural reforms since independence, seems to be helping the sector with a new lease of life as fresh flow investments lines up in the agricultural and allied sector infrastructure.

What is driving a growth in agri markets currently is an amendment to the Essential Commodities Act, which, barring some exceptional circumstances, scraps the stock limits in key farm goods such as pulses, oilseeds, edible oil to ensure better prices for farmers.

The amendment is the first among three big reforms mentioned above and has encouraged the stockists to come back to markets with a confidence after years of pause. Additionally, government impetus on farm sector by announcing a trillion-rupee stimulus for the farm infrastructure will further streamline the sustained activity in the sector.

The recovery, however, coincides with a sharp spike in retail food inflation, which is almost at two-digits and seen rising further. The three-month old Agridex, India's first tradable commodity index owned by NCDEX, has perfectly gauged the inflationary trend by rising nearly 16 percent in this period. But there are host of factors.

Lower activity in April-Jun in fruits and vegetables segment, continued vacuum in supply chains in some pockets, expectations of heavy losses to kharif crops due to incessant rains in many parts of the country, and last, but not the least, fear-premium in prices as consumers shift to e-commerce platforms to avoid infections potentially in the physical markets.

Unlocking of economy is in 4th stage now and at this pace economic activity is expected to normalize by end of this calendar if not by Diwali. However, inflation may start easing from end of this month as new crops from kharif and fruits & vegetables hit markets due to opening of transport sector to the pre-pandemic level.

What needs to be watched now is that a rapid spread of Pandemic in rural areas in recent times doesn't stall the momentum of economic recovery. 

By Shrikant Kuwalekar

Senior journalist and with over 15 years of experience in commodity spot and derivatives market coverage. His contribution in sectors from bullion and energy to pulses, spices and edible oil segment has repeatedly been acknowledged by key stakeholders in agri and non-agri ecosystem. 


© Copyright 2022 Agriculture Times. All rights reserved. Republication or redistribution of Agriculture Times content, including by framing or similar means, is expressly prohibited without the prior written consent.

Support our venture and help farming commmunity in India. If you want us the work better FUND US. For as little as INR 10, you can support2.jpg the AgriTimes™ and it only takes a minute. Thank you.

Partners