MARKET DYNAMICS AND PRICE FORECASTING OF RED GRAM IN KARNATAKA
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Date
2019-11-27
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UNIVERSITY OF AGRICULTURAL SCIENCES GKVK, BENGALURU
Abstract
Agriculture prices plays an important role in the economy of India. They affect
production decisions of farmers and their incomes. For the present study, major markets
for red gram were selected on the basis of maximum quantity of market arrivals viz.,
Kalaburagi, Vijayapura, Bidar and Yadgiri. The secondary data on monthly arrivals and
prices of red gram were collected from the register maintained in selected APMC’s. And
later these data were subjected to various statistical analysis. Production of red gram in the
state increased at rate of 4.63 per cent per annum, due to significant growth rate of 2.14 per
cent per annum in area under red gram, productivity growth rate of 3.42 per cent during
study period from 1998-2016. Seasonality in redgram arrivals was witnessed in all the
selected markets. The seasonal indices of red gram prices in selected markets revealed that
prices and arrivals were in peaks from January to April. In all the above markets, arrivals
started rising from December and continued up to March. This could be due to fact that
harvesting starts from December in all the selected markets areas. The highest arrivals were
recorded during January. Seasonal indices for the redgram price were in the same
assortment over the years. All the markets showed an increasing trend in the prices of red
gram in the future predicted period up to December 2025.