The Hindu Business Line : Sharp price rise in coarse grains this year

Coarse grains have recorded sharp price increase this year with the hike ranging between 15 to 28 per cent. Sorghum (jowar) touched a peak of Rs 10,500 per tonne this week as compared to its peak rate of Rs 7,700 the same time last year, a rise of about 26 per cent.

The average monthly price of jowar has surged this year to Rs 9,750 per tonne as against last year’s price of Rs 8,450, according to a US Grains Council India reports’ price bulletin for the week ending March 28.

The barley prices which climbed up to Rs 9,968 per tonne are also higher this year by 28 per cent compared to last year, with the monthly average price ruling at Rs 10,080, up by 26 per cent over last year’s average monthly price of Rs 7,950 per tonne.

In the case of pearl millet (bajra), the grain closed this week at Rs 7,300 per tonne , some 14 per cent higher than last year’s level and its average monthly price for March 2008 stood at Rs 7,000 per tonne as against Rs 6,750 a tonne last year.

In the case of maize, its prices stood stable at Rs 7,200 per tonne, marginally up by one per cent compared to the price the same time last year, the report added.

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