Market co-integration and price transmission in major pomegranate markets of India Bhagat AA*, Lad DB, Gondhali BV, Bansod RD Zonal Agricultural Research Station, Ganeshkhind, Pune411067Maharashtra, India *Email for correspondence: stataab@gmail.com
Online Published on 25 January, 2024. Abstract Pomegranate is an important fruit crop of arid and semi-arid regions of the world. It is produced in certain pockets and the prices in some markets are dependent on the prices in other markets and also on arrivals in particular markets. In some markets, only demand determines the prices of fruits. Such type of information is needed by the pomegranate growers in order to take decision for selection of markets for selling their produce at better prices with price stability. In this context, present investigations were carried out in major wholesale markets of India. The study revealed that maximum mean arrival of pomegranate was noticed in Delhi, Bangalore, Nagpur and Jaipur during the month of August. The overall maximum variability in prices was noticed in Bangalore market among different months as compared to other markets. The volatility shocks in the prices of pomegranate were quite persistence for long time in Nagpur, Bangalore and Jaipur markets during the study period. The co-integration of prices of pomegranate was observed for the selected markets. It indicated that selected markets were competitive with one another. The pair-wise Granger causality test of pomegranate prices results indicated that the market pairs Delhi-Bangalore, Bangalore-Chennai and Bangalore-Calcutta had bidirectional causality and the market pairs Bangalore-Mumbai, Mumbai-Chennai, Calcutta-Mumbai, Bangalore-Nagpur, Jaipur-Bangalore and Jaipur-Chennai had unidirectional causality. It was concluded that very high price volatility of pomegranate was present in Nagpur, Bangalore and Jaipur markets which needs to be minimized and there was need to provide price security to farming community. Top Keywords Pomegranate, Arrivals, Prices, Markets, Volatility. Top |