Market Integration and Price Transmission Behaviour of Kinnow Markets in India
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Date
2021
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Punjab Agricultural University, Ludhiana
Abstract
The present study analyzed the price behavior and integration of selected kinnow markets in
India. Major Kinnow producing states of India viz. Punjab, Rajasthan and Himachal Pradesh
were selected based on their share in total production of the country. Furthermore, four major
markets of each selected states along with two major national markets of orange i.e. Delhi and
Bangalore were selected. Data on area, production and productivity of kinnow were taken
from various issues of statistical abstracts of Punjab. To achieve the objectives, various
statistical tools like CAGR, Decomposition analysis, Coefficient of Variation, seasonal
indices, Johansen Methodology, Granger Causality test, Vector Error Correction Model etc.
were employed to analyze the data. The analysis indicated that area and production of kinnow
was consistently increasing significantly in major kinnow producing districts of Punjab over
the last two decades. The change both in area and productivity contributed towards the change
in production of kinnow. Trend analysis of prices revealed a significant positive trend in the
selected markets of kinnow. Significant seasonality with inverse relationship has been
observed in arrivals and prices of kinnow. All the selected markets were found to be
integrated and exhibited long-run relationship with each other. Hoshiarpur market was found
to be a key market as it was influencing the prices of other selected markets of the country. In
order to fully integrate the market prices, study suggests for policy interventions in the form
of strengthening of market intelligence services along with improvements in market
infrastructure including storage, transportation and other physical facilities.
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Citation
Kuljeet Kaur (2021). Market Integration and Price Transmission Behaviour of Kinnow Markets in India (Unpublished M.Sc. thesis). Punjab Agricultural University, Ludhiana, Punjab, India.