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Banana Prices show Uptrend in Binny Mill Special APMC (F&V)

Banana Prices show Uptrend in Binny Mill Special APMC (F&V)

            Binny Mill is the Major market for banana in Karnataka. Therefore, for the benefit of farmers, the NIAP Network project on Market Intelligence functioning in the Department of Agricultural Marketing, Co-operation and Business Management, UAS Bangalore collected the weekly modal prices of banana that prevailed in Binny Mill market during the last five years and an econometric analysis was carried out to predict the prices of banana for the next four weeks (1st week of December'16 - 4th week of December’16). Also an opinion survey of banana traders and farmers was conducted.

 

ELAKKI BANANA

            Based on the analysis and Market survey, it is analysed that the forecast prices of Elakki banana would fetch a modal price of around Rs. 21-23/- per kg for next four weeks. This forecast prevails for current market sentiments & monsoon and could vary with changes in the market situation and rainfall.

 

ROBUSTA

            Based on the analysis and Market survey, it is analysed that the forecast prices of Pacchabale (Robusta banana) would fetch a modal price of around Rs. 9-10/- per kg for next four weeks. This forecast prevails for current market sentiments & monsoon and could vary with changes in the market situation and rainfall.

 

RESEARCH TEAM

Dr. M. S. Jayaram, Dr. C. P. Gracy, Dr. M. R. Girish

Mangala. V. Reddy, Sowmya Shree. K. L

Department of Agricultural Marketing, Co-operation and Business Management

    UAS, GKVK, Bangalore-65

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Please note that this is the opinion of the author and is Not Certified by ICAR or any of its authorised agents.