Scholarlink

The important aim of this paper is to exhibit the trend of agricultural commodity prices in India for the past ten years. The Indian government implemented the Agricultural Price Policy to guarantee that farmers continue making investments in agriculture and receive fair prices for their produce. The lowest support price for crops is determined by India’s Agricultural Price Policy. India’s agriculture market is predicted to be worth USD 372.94 billion in 2024 and will increase at a compound annual growth rate (CAGR) of 4.90% until it reaches USD 473.72 billion in 2029. About 58% of Indians rely on agriculture as their main source of income. For their crops, the farmers receive payment at a predetermined price. We refer to this amount as the Minimum Support Price (MSP). To provide food grains to the underprivileged sections of society and in deficit areas at a price below the market price, commonly referred to as the Issue Price, buffer stock is kept in place. Among all the commodities, pulses have seen the highest increase in index value from 124.3 in 2018 to 174.6 in 2021. On the other hand, cereals have seen a slight decrease in the index value from 143.5 in 2018 to 158.2 in 2021. The index value for all agricultural commodities has steadily increased from 118.9 in 2018 to 134.8 in 2021, indicating a general upward trend in agricultural prices over the four years. This rise could be attributed to various factors, including increasing global demand for food due to population growth, supply chain disruptions caused by weather events or trade conflicts, and rising production costs for farmers driven by factors like fuel prices and fertilizer costs. There is a significant increase from 2021 to 2024, indicating a period of substantial growth. The data suggests a consistent growth trajectory, with the Gross Value of Agriculture expected to reach 440.78 billion in 2024 and continue to rise in the coming years. The increasing Gross Value of Agriculture signifies a positive impact on the economy, as agriculture is a significant contributor to GDP.

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Economic Analysis of Trend in Agricultural Price: A Statistical Picture with Reference to India

  • 章节

  • 发表日期：

    2025年

查看全文
  • S. Rajeswari,
  • D. Savithiri,
  • S. Usharani,
  • P. Sujatha,
  • R. Kasthuri,
  • K. Sivasubramanian

摘要

The important aim of this paper is to exhibit the trend of agricultural commodity prices in India for the past ten years. The Indian government implemented the Agricultural Price Policy to guarantee that farmers continue making investments in agriculture and receive fair prices for their produce. The lowest support price for crops is determined by India’s Agricultural Price Policy. India’s agriculture market is predicted to be worth USD 372.94 billion in 2024 and will increase at a compound annual growth rate (CAGR) of 4.90% until it reaches USD 473.72 billion in 2029. About 58% of Indians rely on agriculture as their main source of income. For their crops, the farmers receive payment at a predetermined price. We refer to this amount as the Minimum Support Price (MSP). To provide food grains to the underprivileged sections of society and in deficit areas at a price below the market price, commonly referred to as the Issue Price, buffer stock is kept in place. Among all the commodities, pulses have seen the highest increase in index value from 124.3 in 2018 to 174.6 in 2021. On the other hand, cereals have seen a slight decrease in the index value from 143.5 in 2018 to 158.2 in 2021. The index value for all agricultural commodities has steadily increased from 118.9 in 2018 to 134.8 in 2021, indicating a general upward trend in agricultural prices over the four years. This rise could be attributed to various factors, including increasing global demand for food due to population growth, supply chain disruptions caused by weather events or trade conflicts, and rising production costs for farmers driven by factors like fuel prices and fertilizer costs. There is a significant increase from 2021 to 2024, indicating a period of substantial growth. The data suggests a consistent growth trajectory, with the Gross Value of Agriculture expected to reach 440.78 billion in 2024 and continue to rise in the coming years. The increasing Gross Value of Agriculture signifies a positive impact on the economy, as agriculture is a significant contributor to GDP.