2024, Vol. 9, Special Issue 5
Are major markets of soybean in Maharashtra integrated and working efficiently?
Author(s): Kharche RG, More SS and Lohar SS
Abstract: The present study aimed to know are major markets of soybean in Maharashtra integrated and working efficiently? Markets were selected viz., Nanded, Latur, Dharashiv, Buldhana and Washim on the basis of arrivals. The wholesale price data of soybean were collected from AGMARKNET and visiting APMC from January 2011 to December 2023. The econometric tools like ADF test, Johansen's multiple co-integration test, VECM Granger causality test were used to study co-integration among different markets. For all selected markets, the price series showed the consequences of unit root and were stationary at first difference. The selected markets showed long run equilibrium relationship and co-integration between them with one cointegrating equation. Most of the markets showed bidirectional causality influence on soybean prices of each other. Showed that Nanded, Latur, Dharashiv, Buldhana and Washim markets are integrated and working efficiently.
Pages: 168-174 | Views: 103 | Downloads: 6Download Full Article: Click HereHow to cite this article:
Kharche RG, More SS, Lohar SS. Are major markets of soybean in Maharashtra integrated and working efficiently?. Int J Stat Appl Math 2024;9(5S):168-174.