Today Mandi Rates

1. Today Mandi Rates The literal meaning of the word ‘Mandi’ is a marketplace. In the agricultural sector of India, the Mandi is the market where the agricultural produce or crops are sold. In other words, it is an agricultural market. With the technological advancement, the Government of India has come up with websites as well as apps that help the farmers in several ways. There are 6630 Mandis in India located in different states. For more information, visit: http://www.kisanmandibhav.in/ The foremost among them is giving the latest updates on Today Mandi Rates or the rates of the crops as of the present date. This helps the farmers to know the existing price of the crops, thereby making them aware of the prices they can get from the Mandi. Today Mandi Rates gives the daily rates of the crops like paddy, wheat, barley, corn, jowar, bajra, mustard, chickpea, onion, garlic, soybean, castor seeds, cotton and many more. Today Mandi Rates depend on several factors. Firstly, it depends on the quantity of production. Secondly, the demand for that particular crop also determines the Today Mandi Rates. As we all know, if the production is more than the demand, the price is going to be lower. The third contributing factor of the Today Mandi Rates in the area of production. The daily rates vary according to the states of production. That is why the same crop may have variations in Today Mandi Rates as per the different states of India. It may be higher in Punjab than in Bihar or vice-versa. As the name suggests, Today Mandi Rates vary every day according to the availability of a crop on a specific date. The price becomes higher if the availability is low. Today Mandi Rates gives more details about the crops. For example, the type of packaging, whether it is packed in jute bags or some form, the weight of each package, the type of crop etc. Today Mandi Rates play an important role in the sustainable income opportunities of the farmers. As India is primarily an agricultural country with more than 60% of the population living in the rural areas are engaged in agriculture as their means of livelihood. In this economic structure, the Mandi systems play a crucial role in the sales of agricultural produce. Every state of India can establish agricultural markets or Mandis under the Agricultural Produce Marketing Committee Act. The APMC is a marketing board under the jurisdiction of the state governments and their primary aim is to protect the farmers from the exploitation of

2. the retailers along with regulating the price of crops in favour of the farmers. Today Mandi Rates is also a part of this protective programme. Today Mandi Rates are determined a definite procedure. There are Commission Agents or CA s who plays the role of co-ordinators between the farmers and the traders. Today Mandi Rates are decided on the different factors like supply, demand and others. The price decided as the Today Mandi Rate, is payable to the farmers within three working days of the sale of crops. Today Mandi Rates give the farmers the idea of the best possible rates they can get in the market. Moreover, if they study the Today Mandi Rates for 15 days or a month they can get an idea of the price fluctuations daily. The farmers can get the information on Today Mandi Rates through various media like text messages, mobile apps etc. By studying the Today Mandi Rates of different crops in different parts of India, one can get an idea of the price of price fluctuations along with supply and demand.