India is the largest producer, consumer and importer of pulses in the world. In the backdrop of wide mismatch between demand and supply, large scale imports, it is necessary to look at the price movement of pulses. The secondary data on monthly wholesale prices and arrivals were collected from the website of agmarknet.gov.in of selected regulated markets for last ten years from 2007 to 2016. The inter-year price analysis shows an upward trend of annual price indices and a significant increase in the price of green gram in all the selected markets. The intra-year price analysis revealed with increased prices in off season and decreased prices in main season in almost all the selected markets. The Augmented Dickey Fuller test rejected the presence of unit root. Thus, the series were integrated of the order (I). The price series of all markets were stationary at their levels themselves. Trace statistic and maximum Eigen value test revealed that Gujarat Green Gram markets were found to be integrated with 3 co- integrating equations. All the market pairs exhibited bi-directional causality and prices were transmitted vice versa i.e. mutual influence was exerted by the market on each other.
