In the existing scenario the prices in the physical market differs across the mandis present within a state. i.e Prices for Shankar 6 (B) 30MM variety during Mar-Jun, 06 for Rajkot & Chotila markets differs in the range of Rs 150-180/Quintal. During 80% of time prices were higher in Rajkot market; however distances between two markets is 60 Kms only. In this situation the spot prices polled from Surendranagar market doesn’t bear close resemblance with other major mandis in the state or major producing regions. The underlying difference between polled prices & actual mandi specific prices finally results in deterrence for farmers of other major producing regions to participate into commodity trading. To bridge this difference, it is necessary to poll the prices from other prominent mandies of the same area instead of just one major mandi.
