1Department of Agricultural Economics and Management, Rajasthan College of Agriculture, MPUAT, Udaipur, Rajasthan, India
2Department of Agricultural Economics, College of Agriculture (Agriculture University, Jodhpur) Baytu, Barmer, Rajasthan, India
3Department of Horticulture, College of Agriculture,(Agriculture University, Jodhpur), Baytu, Barmer, Rajasthan, India
4Department of Agricultural Economics and Management, RCA, Udaipur, Rajasthan, India
5Department of Agricultural Economics, College of Agriculture, (Agriculture University, Jodhpur), Sumerpur, Pali, Rajasthan, India
*Corresponding author: kailashiari@gmail.com
Online Published on 01 September, 2022.
Rajasthan state is prime producer of fenugreek in India. The present study is confined to secondary time series data on price and arrivals of fenugreek in Rajasthan. The selected study period was varied from January, 2011 to December, 2020. The investigation was undertaken with specific objectives of variability in prices of fenugreek in selected markets of Rajasthan and market co-integration among prices of fenugreek in the study area. The statistical tools viz., Cuddy-Della Valle instability index, Augmented Dickey Fuller and Johansen’s multiple Co-integration test were applied. It could be concluded from the findings that prices of fenugreek were more instable in shortrun (58.41%) in 2014, when compared with the long-run run period instability index (30.54%) in Kota market. The seasonal price and arrivals indices indicated that maximum arrivals and prices indices of fenugreek were reported during peak season and crop season respectively. The price of fenugreek in the selected markets viz., Kota, Bikaner and Nokha were not moved together in long-run. It means markets are not integrated in directions and causality of fenugreek prices in the selected markets.
Co-integration, Cuddy-Della Vale instability, Mandi association, Sale price instability, Stationarity
