National Academy of Agricultural Sciences (NAAS)
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PRINT ISSN : 2319-7692
Online ISSN : 2319-7706 Issues : 12 per year Publisher : Excellent Publishers Email : editorijcmas@gmail.com / submit@ijcmas.com Editor-in-chief: Dr.M.Prakash Index Copernicus ICV 2018: 95.39 NAAS RATING 2020: 5.38 |
Market integration of agricultural products gained importance in developing countries due to its potential application to develop the national economy. The analysis of prices and market arrivals over time is important to know the fluctuations in them and it also helps to formulate appropriate ways and means for reducing price fluctuations of agricultural commodities. The present study was carried out by employing the integration of maize among major markets different tests, namely, Augmented Dickey-Fuller (ADF) unit root test, Johansen co-integration test, Granger causality test and Vector error correction method were carried out. The selections of the markets were based on the maximum quantity of arrivals of maize among the markets of Telangana state. The results of the study confirmed that markets are having long run equilibrium relationship and major markets of maize in Telangana state are integrated. All the three maize markets are highly co-integrated may be because of better marketing infrastructure, existence of cooperatives, easy flow of market information. High magnitude of speed of error correction indicates that markets are efficient in transmitting price signals.
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