Title: Black Gram Market Rates at Vikkiravandi and Gingee on 31st December 2020
Introduction:
As we approach the end of 2020, it is crucial for farmers and traders alike to stay updated with the latest market rates for agricultural produce. Black gram, a staple crop in many regions of India, holds immense importance for the agricultural sector. In this article, we will discuss the market rates of black gram at two significant marketplaces – Vikkiravandi and Gingee on 31st December 2020.
Black Gram Market Rates at Vikkiravandi:
Located in the Villupuram district of Tamil Nadu, Vikkiravandi serves as a bustling hub for agricultural trade. On 31st December 2020, the market rate for black gram at Vikkiravandi stood at approximately ₹5,500 per quintal (100 kg). This rate experienced a slight increase from the previous week, reflecting improved demand and favorable market conditions. Farmers and traders in Vikkiravandi celebrate this increase as it indicates a potentially profitable end to the year.
Black Gram Market Rates at Gingee:
Situated in the Villupuram district of Tamil Nadu as well, Gingee is renowned for its agriculture-centric economy. On the last day of 2020, the market rate for black gram at Gingee was around ₹5,800 per quintal. This rate was marginally higher than that of Vikkiravandi, suggesting a slightly more favorable market environment for black gram in Gingee. Farmers and traders who operate in Gingee can capitalize on this advantageous situation by supplying their black gram produce to the market.
Market Analysis and Factors Affecting Rates:
Several factors contribute to the market rates of black gram, including demand, supply, quality, and external influences. The gradual increase in market rates of black gram at both Vikkiravandi and Gingee indicates a rising demand for this crop as the year comes to a close. Despite the challenges faced during 2020 due to the COVID-19 pandemic, the agricultural sector has proven its resilience, and the upward trend in market rates reflects signs of recovery.
Additionally, the quality of the black gram plays a significant role in determining market rates. Black grams that conform to quality standards, with minimal impurities and damage, tend to fetch higher prices. Farmers and traders should prioritize ensuring the quality of their produce to maximize their profitability.
Conclusion:
The market rates of black gram on 31st December 2020 in Vikkiravandi and Gingee showed an upward trajectory in both regions. With Vikkiravandi commanding a rate of approximately ₹5,500 per quintal and Gingee standing slightly higher at around ₹5,800 per quintal, farmers and traders can anticipate satisfying results. As we bid farewell to a turbulent year, these positive market rates present an excellent opportunity for stakeholders in the black gram market to end 2020 on a profitable note.