Question 1

What is mandi bhav?

Accepted Answer

A market rate — mandi bhav in Hindi — is the wholesale price a commodity fetched at an agricultural market on a given day. Animalsss imports these prices for around ninety countries, covering vegetables, fruit, grains, livestock, dairy, poultry and spices.

Question 2

How often are mandi rates updated?

Accepted Answer

Rates are re-imported every night, but how current each price is depends on its source: Agmarknet publishes daily, the European Commission weekly, the UN World Food Programme monthly, and DEFRA around six weeks in arrears. Every price shows its own observation date, and any reading older than its source's normal publishing cycle is labelled as an older reading rather than passed off as today's.

Question 3

Which countries are covered?

Accepted Answer

Around ninety, with the deepest coverage in India, the European Union member states, the United Kingdom and the countries surveyed by the UN World Food Programme. State and market-level breakdowns are shown wherever the reporting body publishes them.

Question 4

How are the prices calculated?

Accepted Answer

Minimum, maximum and modal (most common) prices are shown per unit — kg, quintal, litre, dozen or per animal — exactly as the reporting body published them. Averages use the latest reading from each market, so a market that reports daily does not outweigh one that reports weekly.

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