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2024, Vol. 9, Special Issue 5

Market integration and price forecasting of pigeon pea in major markets of Maharashtra


Author(s): Manjanagouda I Patil, Sachin S More and Vasant G Jadhav

Abstract: India is the largest pulse-producing country in the world. In India major pigeon pea-cultivated states are Maharashtra, Karnataka, Telangana, Andhra Pradesh, Uttar Pradesh, and Gujarat. In that Maharashtra rank first in pigeon pea production at national level. The present study aimed to know Market integration and forecasting of Pigeon pea prices in major markets of Maharashtra. For study purpose the monthly time series data of the pigeon pea crop of Nanded, Yavatmal, Latur, Amaravati, and Buldhana APMC markets were collected from official records for last thirteen years i.e. 2011 to 2023. The data were analyzed with the help of statistical tools viz., Johansen cointegration test and Box Jenkins method of price forecasting especially the SARIMA model. The results of the co-integration test showed that there exists a long-run equilibrium relation in the Pigeon pea markets. The forecast of Pigeon pea prices for the Latur market in Maharashtra for the year 2024 shows that the short-run price forecast of pigeon pea exhibits an uptrend.

Pages: 158-162 | Views: 168 | Downloads: 5

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How to cite this article:
Manjanagouda I Patil, Sachin S More, Vasant G Jadhav. Market integration and price forecasting of pigeon pea in major markets of Maharashtra. Int J Stat Appl Math 2024;9(5S):158-162.

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