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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 (2019)
[Effective from January 1, 2019]
For more details click here

ICV 2018: 95.39
Index Copernicus ICI Journals Master List 2017 - 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
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Index Copernicus ICV 2018: 95.39
NAAS RATING 2020: 5.38

Int.J.Curr.Microbiol.App.Sci.2018.7(6): 1359-1365
DOI: https://doi.org/10.20546/ijcmas.2018.706.160


Price Behavior of Chickpea in Major Markets of Marathwada
Shri. R. V. Chavan*, K. V. Deshmukh, S. S. More and R. D. Shelke
Department of Agricultural Economics, College of Agriculture, Parbhani, India
*Corresponding author
Abstract:

Prices play an important role predominantly in agricultural economies like India. It determines not only what shall be produced but also how much to be produced. The objective of the present study is to study the market integration in selected markets of chickpea. The study was conducted in three major chickpea markets of Marathwada. Time series data of arrivals and prices of chickpea were collected from selected major markets. The monthly data of arrivals and prices were collected for the year 2002 to 2016. For analyzing, we have used the logarithmic transformation of monthly chickpea prices of selected markets. The data were collected from office record of respective Agricultural Produce Market Committee. The stationarity of time series data on chickpea prices was tested by applying the Augmented Dickey-Fuller test (ADF). Johansen’s Multiple Co-integration test was employed to determine the long run relationship between the price series of selected markets. The Granger causality test was applied to study the price integration and to know the direction of causation between the selected markets. Vector Error Correction Model (VECM) was used to test the short run behavior of chickpea markets prices. The results showed that the chick pea prices series of all selected markets are at level are non-stationary and become stationary after first difference. In long run all markets are well integrated. Bidirectional causality is observed in all the selected markets. Short run equilibrium was observed in Hingoli market among all the selected markets. To attain the short run equilibrium in Parbhani and Latur markets, quick and live price information dissemination system should be developed.


Keywords: Price, Chickpea, Major Markets, Marathwada
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How to cite this article:

Shri. R. V. Chavan, K. V. Deshmukh, S. S. More and Shelke R. D. 2018. Price Behavior of Chickpea in Major Markets of Marathwada.Int.J.Curr.Microbiol.App.Sci. 7(6): 1359-1365. doi: https://doi.org/10.20546/ijcmas.2018.706.160