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Onion Market Dynamics: Integration and Price Transmission across Key Indian Markets

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  • Nayak, S Harshitha
  • Srivastava, Shivendra Kumar

Abstract

Analysis of agricultural commodity price and market arrivals over time is important to know the fluctuations. It helps to formulate appropriate ways and means for reducing price fluctuations. Hence, trend, seasonal indices and variability in arrivals and prices of onion were studied in selected markets viz., Bengaluru, Mumbai, Ahmedabad and Pune. The secondary monthly data pertaining to arrivals and prices of onion in the above mentioned four markets was collected from agmarknet website for the period of 15 years i.e., from 2009 to 2023. The co- integration between markets was analyzed using Johansen’s co-integration test and the pairwise causality between markets was analyzed using Granger causality test. The trend analysis shows the positive trend in both arrivals and prices in all the four markets. Variability of prices was found pretty higher than that of market arrival. The result also revealed that all of the price series were non stationary at level and stationary at first difference. Presence of co- integration among the sample markets and price transmission from one market to another market excluding one or two markets was established.

Suggested Citation

  • Nayak, S Harshitha & Srivastava, Shivendra Kumar, 2024. "Onion Market Dynamics: Integration and Price Transmission across Key Indian Markets," IAAE 2024 Conference, August 2-7, 2024, New Delhi, India 344319, International Association of Agricultural Economists (IAAE).
    • Handle: RePEc:ags:cfcp15:344319
    DOI: 10.22004/ag.econ.344319
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    References listed on IDEAS

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    1. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-1072, June.
    2. Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
    3. Abdul Ghafoor & Khalid Mustafa & Khalid Mushtaq & Abedullah, 2009. "Cointegration and Causality: An Application to Major Mango Markets in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 14(1), pages 85-113, Jan-Jun.
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