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Daily Indian Farm Product Price Index
Data Science and Analytics
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About
This dataset provides daily wholesale prices for various agricultural commodities across different markets in India. It includes crucial pricing details such as the maximum, minimum, and most common (modal) prices for commodities like Tomato, Potato, Brinjal, and Wheat. Prices are recorded in Indian Rupees (INR) per quintal (100 kg), reflecting the rates at which goods are sold in large quantities to retailers or distributors. As of 17 August 2023, the exchange rate is 1 INR = 0.012 USD.
Columns
- State: The Indian state where the market is situated.
- District: The district within India where the market is located.
- Market: The name of the specific market.
- Commodity: The name of the agricultural commodity.
- Variety: The specific variety of the commodity.
- Grade: The quality or grade of the commodity.
- Arrival_Date: The date on which the commodity arrived at the market.
- Min Price (INR): The lowest wholesale price of the commodity on a given day, per quintal.
- Max Price (INR): The highest wholesale price of the commodity on a given day, per quintal.
- Modal Price (INR): The most frequent or typical wholesale price of the commodity on a given day, per quintal.
Distribution
The dataset is typically provided as a CSV file, with a sample file named
Price_Agriculture_commodities_Week.csv measuring 1.9 MB. It contains 10 columns and consists of 23.1 thousand valid records across all fields. The dataset is expected to be updated on a quarterly basis.Usage
This dataset is ideal for:
- Market Analysis: Understanding trends and patterns in wholesale agricultural commodity prices across various Indian markets. It allows for analysis of factors influencing prices, such as supply and demand dynamics, seasonality, and wider market conditions.
- Commodity Recommendation Systems: Developing tools that suggest optimal markets or commodities for farmers and traders to either sell or purchase, based on their location, preferences, and prevailing market conditions.
Coverage
The dataset's geographic scope is India, encompassing a wide array of states, districts, and markets, with Uttar Pradesh and Kerala being prominent states, and Pune and Ernakulam noted districts. The data provides daily price information, with recent dates such as 01 August 2023 and 28 July 2023 indicated in the
Arrival_Date column. There is no specific demographic scope mentioned, but it inherently pertains to participants within the agricultural supply chain.License
Attribution 4.0 International (CC BY 4.0).
Who Can Use It
This dataset is highly beneficial for:
- Farmers: To make informed decisions on when and where to sell their produce for better returns.
- Traders and Distributors: For strategic buying and selling, and to optimise their supply chain.
- Market Analysts and Researchers: To study agricultural economics, price volatility, and market efficiency.
- Software Developers: To build applications like recommender systems or market intelligence tools.
- Policymakers: To understand market dynamics and inform agricultural policies.
Dataset Name Suggestions
- Indian Agricultural Commodity Daily Wholesale Prices
- India Agri-Market Daily Price Data
- Wholesale Agricultural Prices in India
- Daily Indian Farm Product Price Index
Attributes
Original Data Source: Daily Indian Farm Product Price Index
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