The prices of agricultural product including pulses and oilseeds are determined by supply and demand conditions in the market on a day-to-day basis. Apart from demand and supply conditions, availability of stocks and international prices are also affecting prices of agricultural product.
The average monthly wholesale price of Cotton/Kapas was Rs. 4375 per quintal in October, 2017. It has increased by 183 basis points to Rs. 4455 per quintal during November-2017 above October-2017. We have seen monthly de-growth of -2.34% in average monthly wholesale price of Cotton/Kapas from Rs. 5675 per quintal during Aug-2018 to Rs. 5542 per quintal during Sep-2018. The average monthly wholesale price of Cotton/Kapas was Rs. 5433 per quintal during November-2018, down by -2.95% versus Rs. 5598 per quintal during October-2018.
Maximum monthly growth of 15.6% has been observed in average wholesale price of Cotton/Kapas in Jun-2018 during the period under consideration. Maximum monthly average wholesale price of Cotton/Kapas of Rs. 5675 per quintal has been found in Aug-2018 during October-2017 to November-2018. Minimum monthly average wholesale price of Cotton/Kapas of Rs. 4305 per quintal has been seen in Apr-2018 during the period under consideration.
Note: Source: RAJYA SABHA SESSION – 247 UNSTARRED QUESTION No 1290; Data values are in Rs. Per Quintal; @: includes both kemels and pods.
Resource Title: All India Average Monthly Wholesale Price and Minimum Support Price (MSP) of major Kharif crops during 2017-18 and 2018-19 (From : Ministry of Agriculture and Farmers Welfare)