MARKET INTEGRATION AND PRICE VOLATILITY ACROSS SOYBEAN MARKETS IN CENTRAL INDIA
Journal Title: International Journal of Agriculture Sciences - Year 2016, Vol 8, Issue 51
Abstract
Madhya Pradesh being the leading soybean producing state of India and is also called the Soybean bowl in India. The aim of this paper is to assess the extent and integration among soybean markets i.e. Astha, Dewas, Indore, Mandsaur and Shajapur and to study price movement of soybean in Madhya Pradesh. The results of the Co-integration analysis showed that the prices of soybean were non-stationary and observed higher in the months from May to August in all the selected markets. Most of the selected markets showed bidirectional influence on soybean prices of each other and function as a satellite market and assimilate information. It is high time that all the agencies concerned with the sector to formulate strategies to bring back the prestigious position Madhya Pradesh had in India’s Soybean economy.
Authors and Affiliations
APOORWA TOMAR
Keywords
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Department of Agricultural Economics, Sardarkrushinagar Dantiwada Agricultural University, Sardarkrushinagar, 385506, Banaskantha, Gujarat, India
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