In the cereal corridor, Paddy (Common) remains the anchor of Bihar’s agricultural economy. With an established MSP of 2,369.00 per quintal, the market price has stayed remarkably consistent, hovering at a near-identical 2,370.00 per quintal. This marginal premium over the support price suggests a healthy demand-supply balance, though arrival volumes remain modest at approximately 48 to 50 metric tonnes. Wheat, meanwhile, continues to command a significant market premium. Against an MSP of 2,425.00 per quintal, wheat is currently trading at 2,640.00 per quintal. This price gap highlights a strong private demand and suggests that millers and wholesalers are willing to pay well above the government-mandated floor to secure high-quality stock, despite the current absence of massive bulk arrivals in many regional markets.
The vegetable markets offer a more complex narrative of price elasticity. Onions have emerged as a high-value commodity this season, with average prices climbing to 2,884.62 per quintal, and peak trades hitting the 3,000.00 mark. This price pressure is closely linked to thin supply lines, as daily arrivals have dwindled to as low as 4 to 8.5 metric tonnes in key trading hubs. Conversely, the potato market remains buyer-friendly. A surge in supply—peaking at a substantial 189 metric tonnes—has kept potato prices stabilized at a more accessible average of 1,134.39 per quintal. This high volume of arrivals has effectively cushioned consumers against the inflationary trends seen in other vegetable categories.
As Bihar moves further into the 2026-27 marketing season, the administrative focus remains on ensuring that the price discovery mechanism benefits the primary producer. The synchronization of paddy prices with the MSP is a positive indicator of market health, providing a safety net that encourages sustained cultivation. However, the fluctuations in the vegetable segment underscore the ongoing challenges of logistics and storage for perishable goods. For the state's policymakers and traders alike, the current data serves as a vital barometer for food security and inflation management, reflecting the delicate interplay between government intervention and the raw dynamics of the open market.
About The Author
Comment List