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 paddy was Rs. 1715 per quintal in October-2017. It has increased by 1.17% to Rs. 1735 per quintal during November-2017 above October-2017. We have observed monthly growth of 30 basis points in average monthly wholesale price of paddy from Rs. 1657 per quintal during Aug-2018 to Rs. 1662 per quintal during Sep-2018. The average monthly wholesale price of paddy was Rs. 1738 per quintal during November-2018, up by 2.96% against Rs. 1688 per quintal during October-2018.
Maximum monthly average wholesale price of paddy of Rs. 1738 per quintal has been observed in Nov-2018 during the period under consideration. Minimum monthly average wholesale price of paddy of Rs. 1639 per quintal has been found in Jun-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)