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Blackgram prices to rule around Rs. 3300–3600 per quintal by harvest in Bidar market

Black gram is an important pulse crop grown in Bidar district. Farmers in this region are busily preparing the land to take up sowing operation. But the farmers are in a state of confusion to sow this particular pulse because of uncertainty in prices of this crop at the time of harvest. In order to help the farmers, the Domestic and Export Market Intelligence Cell, Department of Agribusiness Management, University of Agricultural Sciences, Dharwad undertook a study to come up with reliable price forecasts that prevail at the time of harvest.

          The     25    years monthly modal price data from Bidar regulated market was collected and analyzed and the prices for Blackgram in Bidar district for the months February- April, 2014 were forecast. The opinions of experienced traders, agricultural scientists and progressive farmers were collected to fine tune the forecast prices.  The prices in other major markets for this pulse were also collected other than collecting the future prices from National Commodities and Derivatives exchange of India (NCDEX) to come up with accurate price forecasts.

          Therefore, according to the study conducted by using 25 years monthly modal price data from Bidar regulated market and keeping in view of the opinions and suggestions of the experienced persons in this crop the prices of this crop for Bidar region is expected to range between Rs. 3300-3600 per quintal during February- April months. The minimum support price announced by government for the crop for this year is Rs.4300 per quintal. So farmers are advised to keep all these things in mind while taking this crop for cultivation.

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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.