While the assessment has been made with regard to maize based on the data collected from Jamkhandi market, the leading market for maize for the past 15 years, the likely price for sunflower post harvest has been predicted based on the data collected from Bagalkot market.
According to DEMIC officials, the data has been analysed by using rigorous time series analytical models and reliable forecast prices predicted for January and February 2011. Normal arrival is expected both for maize (yield around 35 quintals per hectare) and sunflower (yield around 6 quintals a hectare).
At present, maize is priced at Rs. 850 a quintal in the Jamakhandi market and the prices were likely to be Rs. 825 to Rs. 900 during January and February. The Union Government has fixed a Minimum Support Price of Rs. 880 a quintal for this year.
Sunflower is priced at Rs. 2,852 a quintal in Bagalkot market and it is likely to be Rs. 2,400 to Rs. 2,600 a quintal during January and February. The Minimum Support Price has been fixed at Rs. 2,350 per quintal.