Year: 2021 | Month: December | Volume 8 | Issue 2

Variability and Market Integration of Fenugreek Prices in Rajasthan

G.L. Meena Kailash Chand Bairwa M.L. Meena Harkesh Kumar Balai Anju Yadav P.C. Meena
DOI:10.30954/2394-8159.02.2021.1

Abstract:

Rajasthan state is prime producer of fenugreek in India. The present study is confined to secondary time series data on price and arrivals of fenugreek in Rajasthan. The selected study period was varied from January, 2011 to December, 2020. The investigation was undertaken with specific objectives of variability in prices of fenugreek in selected markets of Rajasthan and market co-integration among prices of fenugreek in the study area. The statistical tools viz., Cuddy-Della Valle instability index, Augmented Dickey Fuller and Johansen’s multiple Co-integration test were applied. It could be concluded from the findings that prices of fenugreek were more instable in shortrun (58.41%) in 2014, when compared with the long-run run period instability index (30.54%) in Kota market. The seasonal price and arrivals indices indicated that maximum arrivals and prices indices of fenugreek were reported during peak season and crop season respectively. The price of fenugreek in the selected markets viz., Kota, Bikaner and Nokha were not moved together in long-run. It means markets are not integrated in directions and causality of fenugreek prices in the selected markets.



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AgroEcoomist-An International Journal In Association with AAEBM

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