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Trends in Market Arrivals and Prices of Major Agricultural Commodities in Agricultural Markets of Punjab

500.00

Namami Gohain , Sukhpal Singh and Preet Kamal Singh Bhangu

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Abstract

The Indian Journal of Economics and Development (2019) 15(1), 150-154
DOI: 10.5958/2322-0430.2019.00017.9
Indexed in Clarivate Analytics (ESCI)

Namami Gohain , Sukhpal Singh and Preet Kamal Singh Bhangu

Department of Economics and Sociology, Punjab Agricultural University, Ludhiana-141004 (Punjab)
*Corresponding author’s email: jeniffertime@gmail.com

ABSTRACT
The present study was undertaken to analyze the trends in market arrivals and prices of major agricultural commodities (wheat, paddy, maize and cotton) in the markets of Punjab. The study was based on secondary data collected. The market arrivals of wheat and paddy exhibited positive growth rates whereas maize and cotton showed negative growth rates. In contrast prices of all the crops exhibited positive and significant growth supported by the trend study. Furthermore, arrivals of paddy, wheat and maize showed an increasing trend over time whereas arrivals of cotton exhibited a declining trend over time. A positive and high correlation coefficient of market arrivals of wheat, paddy and maize with their corresponding prices indicated an increase in the prices in response to an increase in the market arrivals of these crops.
Keywords
Growth rates, market arrivals, polynomial regression, regulated markets.