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International Journal of Current Microbiology and Applied Sciences (IJCMAS)
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National Academy of Agricultural Sciences (NAAS)
NAAS Score: *5.38 (2020)
[Effective from January 1, 2020]
For more details click here

ICV 2018: 95.39
Index Copernicus ICI Journals Master List 2018 - IJCMAS--ICV 2018: 95.39
For more details click here

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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

Int.J.Curr.Microbiol.App.Sci.2020.9(5): 3221-3226
DOI: https://doi.org/10.20546/ijcmas.2020.905.382


Price Forecasting in Chilli Crop in Major Markets of Karnataka State, India
S. Praveen Kumar1, Prabhuling Tevari2*, Devendra Beeraladinniand Shivanand Kammar4
1Department of Agricultural Economics, Agricultural College, UAS Raichur Karnataka, India
2Agriculture Research Station, Siruguppa, UAS Raichur, Karnataka, India
3Department of Agricultural Economics, UAS Raichur, Karnataka, India
4Department of Agricultural Extension Education, UAS, Raichur, Karnataka, India
*Corresponding author
Abstract:

Prices perform a number of functions in an economic system. As allocator of resources, signalling to both producers and consumers regarding the level of agricultural production and consumption, as a distributor of income and as an influence on capital formation.Box-Jenkins ARIMA model is used to forecast the chilli price in selected markets for six months. Forecasted price of chilli in Bengaluru and Hubli market are increasing gradually over the month but in Byadgi and Mysore market prices are slightly fluctuating. By using information regarding the forecasted prices famers can plan to sell his product is specific market, market intermediaries/merchants can plan for storage for the commodity based on the forecasted price and in turn arrivals. Market committee to arrange for the basic needs like market yard, storage etc. to the farmers who come for the sell their commodity.


Keywords: Price forecasting, Chilli crop, Major Markets, Karnataka
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How to cite this article:

Praveen Kumar, H. S., Prabhuling Tevari, Devendra Beeraladinni and Shivanand Kammar. 2020. Price Forecasting in Chilli Crop in Major Markets of Karnataka State, India.Int.J.Curr.Microbiol.App.Sci. 9(5): 3221-3226. doi: https://doi.org/10.20546/ijcmas.2020.905.382