The Price Analysis Index provides crucial insights into price tendencies, helping stakeholders make informed decisions for the upcoming months.
Otipy, a leading player in the Indian agritech sector, has released a comprehensive analysis of per-kilogram prices for various fruits and vegetables. This analysis examines trends from March to May and offers predictions for market conditions from June to August. The Price Analysis Index provides crucial insights into price tendencies, helping stakeholders make informed decisions for the upcoming months.
The pricing dynamics within the fruits and vegetables sectors have revealed a noticeable correlation in recent months. Take, for example, the trajectory of Mango (Dasheri, Carbide-Free), where prices plummeted from Rs. 194/kg in April to Rs. 102/kg in May, projected to dip further to Rs. 86/kg in June before peaking at Rs. 100/kg in July. Similarly, Watermelon prices saw a decline from Rs. 44/kg in March, further dropping to Rs. 28/kg in April and Rs. 24/kg in May. Based on this trend, forecasts suggest an increase to Rs. 31/kg in June and further to Rs. 44–Rs. 48/kg in July and August.
In the vegetable market, the long bottle gourd (lauki) rose to Rs. 44/kg by May and is expected to further increase to Rs. 57/kg in August. Similarly, green capsicum declined to Rs. 66/kg in May but is forecasted to rebound to Rs. 88/kg in August. Meanwhile, potatoes exhibited moderate price stability, rising to Rs. 31/kg in May, with prices expected to remain around Rs. 35-36/kg in the coming months, reflecting consistent demand for this staple vegetable throughout the year.
According to Varun Khurana, CEO of Otipy, “We remain committed to empowering both farmers and consumers with valuable insights into the fluctuating dynamics of the agricultural market. Our comprehensive analysis sheds light on the intricate price movements of fruits and vegetables, providing stakeholders with the knowledge needed to navigate through market volatility effectively. Through this endeavor, Otipy reaffirms its dedication to fostering a fair and sustainable agricultural ecosystem in India, ensuring equitable opportunities for all involved.”
This corroborates the fact that changes in demand and supply are pivotal to the fruits and vegetables market characterized by consistent price changes in line with the market and seasonal changes. While often the price of certain fruits such as mango, and watermelons has seen the normal trend of having lower prices during times of high supply of the produce, other commodities like onions, tomatoes and ginger have seen their prices change sharply due to unpredictable fluctuations in supply and demand. Nevertheless, certain items such as bananas, tender coconuts and potatoes show the least fluctuation in demand and have some reasonable price variations. It also accentuates the need to have a broader perspective of various price fluctuations in the sector while noting the tricky issue of consumers’ demand and seasonal supply.
