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 |
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.
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