2024, Vol. 9, Special Issue 5
Price behaviour of chickpea in Maharashtra: An economic analysis
Author(s): Chavan SM, More SS and Choudhari PS
Abstract: This study analyzes market co-integration and predicts short-term prices of chickpeas in selected markets of Maharashtra. The research was conducted in five major chickpea markets of Maharashtra
viz. Latur, Yavatmal, Nanded, Dharashiv and Buldhana. Monthly time series data of arrivals and prices of chickpeas were collected from these markets, specifically from AGMARKNET and office records of the respective Agricultural Produce Market Committees, covering the period from January 2011 to December 2023.
Econometric tools such as Augmented Dickey-Fuller (ADF) test, Johansen's multiple co-integration test and the Seasonal Autoregressive Integrated Moving Average (SARIMA) model were used for analysis. All price series from the selected markets were non stationary at level and they became stationary after first differencing. The selected markets showed long run equilibrium relationship and co-integration between them with three co-integrating equation. The forecast for chickpea prices was focused on the Latur market, which has the highest arrivals. The data collected from the APMC office of Latur was used to predict the prices for the upcoming twelve months.
Pages: 297-302 | Views: 143 | Downloads: 6Download Full Article: Click HereHow to cite this article:
Chavan SM, More SS, Choudhari PS. Price behaviour of chickpea in Maharashtra: An economic analysis. Int J Stat Appl Math 2024;9(5S):297-302.
