Dynamics of arrivals and price behaviour of garlic in Madhya Pradesh - an econometric approach
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Date
2015
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Publisher
JNKVV
Abstract
ABSTRACT
The present study entitled’ was undertaken to examine the variability and seasonality effect and relationship between arrivals and prices behaviour of garlic in Madhya Pradesh. Secondary data on month wise arrivals and wholesale prices of garlic from top five garlic markets namely Indore, Mandsaur, Neemuch, Ratlam and Ujjain were collected covering a period from 2002 to 2014. Seasonality indices, coefficient of variation, and correlation coefficient techniques were employed the analyzed the collected data.
The findings of the study revealed that garlic is a good foreign earner crops as large quantities of garlic are exported every year from the state of Madhya Pradesh. The state is leader in the production of garlic in the country. The variability in the market arrivals was more pronounced in the Indore than the remaining four markets. The price variability was however, more marketed in the Neemuch market with value of coefficient of variation in most of the months staying above 50 percent, the study has confirmed the negative relationship between market arrivals and prices over the years in all the selected markets. However, across different months, there have been several instances of positive relationship between arrivals and prices which could be attributed to the off- season supplies of garlic which fetch higher prices. In Indore market, statistically significant negative relationship is evidence for most of the years, but positive and non- significant relation were also observed in few years. A similar pattern has been observed in other selected markets, with a fewer cases of statistical significance. The prices more contrary to arrivals and seasonal nature of garlic creates glut in the market which leads to sharp fall in prices during the post harvest season and lowering farmers income.
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Keywords
marketing, markets, garlic, productivity, area, selection, crops, economics, seasons, biological phenomena