Mandi & commodity price glossary
Clear definitions of the terms used across mandi price reports — modal price, APMC, FAQ grade, arrival, quintal and more.
- Mandi
- A regulated wholesale agricultural market yard in India, typically run under an APMC, where farmers and traders buy and sell produce.
- APMC
- Agricultural Produce Market Committee — the state body that regulates a mandi, licenses traders and oversees fair trade and price reporting.
- Modal price
- The price at which the largest volume of a commodity traded on a given day — the most representative "typical" rate. See our full explainer.
- Minimum price
- The lowest rate recorded for a commodity and variety at a mandi on the arrival date, usually reflecting lower-grade lots.
- Maximum price
- The highest rate recorded for a commodity and variety at a mandi on the arrival date, usually reflecting premium-grade lots.
- Arrival date
- The date produce arrived at the mandi and was priced. It can lag the current date if a mandi has not yet reported.
- Quintal
- A wholesale weight unit equal to 100 kilograms (0.1 tonne). Mandi prices are quoted per quintal. See quintal to kg.
- Variety
- The specific type or cultivar of a commodity (for example, Nashik red onion), which materially affects price.
- Grade
- A quality classification of a lot. "FAQ" (Fair Average Quality) is the standard benchmark grade.
- FAQ (Fair Average Quality)
- The standard acceptable quality benchmark for a commodity; lots better than FAQ earn a premium, poorer lots a discount.
- MSP (Minimum Support Price)
- A government-announced floor price for select crops at which official agencies will procure. See our MSP vs mandi price guide.
- Agmarknet
- The Government of India portal (Directorate of Marketing & Inspection) that collects and publishes daily mandi prices — the source of this site's data.
- Wholesale price
- The bulk trading price at the mandi, before retail transport, handling and margins — typically lower than shop prices.