Price of any agricultural produce represents the equilibrium point where demand (i.e., buyers) and supply (i.e., sellers) meet in the marketplace. Newmarket information such as crop failure, widespread pest/disease outbreak, a major update to a previous crop production estimate, etc can alter the expectations of market participants and will lead to a new equilibrium price as sellers revise their offer prices and buyers revise their purchase bids based on the new information.

Manual analysis of variation of the price is difficult due to the complexity involved in the processes responsible for these variations. Crop loss, variation in crop estimate and other factors affecting yield can be monitored with the required accuracy using remote sensing data. Satyukt Analytics Pvt Ltd an expert in microwave remote sensing is capable of monitoring agro-hydrological variables in near real-time throughout the year under all weather conditions and can forecast yield, crop loss, and other factors impacting agricultural yield. By going through analysis and filtering, decision-makers and stakeholders can refine it enough so that farmers can act on it and understand their options, giving them an opportunity to make forward-looking decisions quickly. At satyukt analytics, we try to put market intelligence in the form of conclusions and recommendations at the upfront with supporting research behind the analysis.