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Mandi prices of key rabi crops above MSP on strong demand -Sandip Das

-Financial Express

Traders told FE that for mustard, the biggest domestic oilseed variety, prices at Bharatpur mandi, Rajasthan, are currently ruling around Rs 6,800 per quintal against the MSP of Rs 5,050 a quintal, while wheat in Sehore mandi, Madhya Pradesh, is currently being sold at Rs 2,150 a quintal against MSP of Rs 2,015 a quintal.

As market arrivals have peaked, mandi prices of key rabi crops — wheat and mustard — are ruling above the respective minimum support prices (MSPs). In the case of wheat, strong demand from export markets has pushed the prices up, while domestic demand for mustard is high.

Chana (gram), another winter crop, has been ruling below MSP for the last few weeks because of bumper harvest and higher buffer stocks with the government. The benchmark prices of key vegetables such as tomato and potato are currently ruling above the prices prevailing a year ago because of lower production in the current crop year (2021-22). Onion prices have declined sharply below last year’s level because of a robust rabi harvest.

Traders told FE that for mustard, the biggest domestic oilseed variety, prices at Bharatpur mandi, Rajasthan, are currently ruling around Rs 6,800 per quintal against the MSP of Rs 5,050 a quintal, while wheat in Sehore mandi, Madhya Pradesh, is currently being sold at Rs 2,150 a quintal against MSP of Rs 2,015 a quintal.

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