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Harvest season prices of ragi to hower around Rs.1300-Rs.1400 per quintal

Finger millet, commonly known as ragi, is a staple cereal widely grown in the African and Asian continents which is a major substitute for rice among the diabetic patients and also the diet conscious people. It is one of the few cereals that needn’t be polished making it healthier than its counterparts. 

In 2013-14 India produced 1.88 million tonn of ragi from 1.38 million hectares with an average productivity of 1641 kg per hectare. Around 80 per cent of the crop is grown in Kharif season. Karnataka is the largest producer of ragi in India, contributing to 67 per cent of the country’s production followed by Tamil Nadu (11%), Uttarkhand (9%) and Maharashtra (7%). In Karnataka the area under the crop was 8.34 lakh hectares leading to a production of 13.07 lakh tonnes in 2012-13. Export demand for ragi exists all round the year.

To help farmers in taking a right decision on sowing of ragi, the Network project on Market Intelligence (NCAP) functioning in the Department of Agricultural Marketing, Co-operation and Business Management, UAS Bengaluru collected the modal prices of ragi that prevailed in Hassan market during the last Eleven years and econometric analysis was carried out to predict the prices of ragi for the harvesting months. Also an opinion survey of ragi traders and farmers was conducted.

Based on the analysis and market survey, it is forecasted that ragi would fetch a modal price of around Rs.1300-1400 per quintal during harvest months. This forecast prevails for current market sentiments & monsoon and could vary with changes in the market situation and rainfall. Farmers are advised to take up sowing of certified ragi seeds looking into the procurement policy / MSP declaration decisions of Government.

 

RESEARCH TEAM

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

Dr. Sakamma S, Mrs. Mangala V Reddy

 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.