Price Forecast of Redgram Crop
The market prices for redgram increased sharply from January 2007 to mid 2009 due to supply constraints. Prices declined during 2010-11 due to marginal increase in the production. The similar trend was noticed during 2011-12. The peak arrivals of fresh redgram in NEK markets was between December and February, these arrivals create market glut and push down the prices. The Government of India has announced MSP of Rs. 3200 per quintal for the year 2012-13.
Considering the national and local production scenario; weather factors, international scenario, minimum support price, the market insights from traders and the historical price movements, the prices of redgram during harvesting season of 2012-13 will remain in the range of ` 3600 to ` 3850 per quintal.
Submitted by naipagropediaraichur on Wed, 25/07/2012 - 10:40