Economic Analysis of the Behavior of Prices and Market Arrivals of Tomatoes—A Case Study of West Bengal, India
PDF
EPUB
HTML

Keywords

Market arrival and trends
Tomato Prices
Ordinary least square
Twelve-month moving average
Seasonal indices
Price dynamics

How to Cite

Sarkar, S., Das, S., Dutta, S., Bera, B., Bera, M., Roy, D., Middya, M. M. H., & Roy Choudhury, M. (2024). Economic Analysis of the Behavior of Prices and Market Arrivals of Tomatoes—A Case Study of West Bengal, India. Agricultural & Rural Studies, 2(2), 0008. https://doi.org/10.59978/ar02020008

Abstract

The oscillations in prices and arrivals of agricultural goods are primarily influenced by the seasonal character of the agricultural production system. Here, we investigate the trends and seasonal price dynamics concerning market arrivals of tomatoes in West Bengal, India. Monthly data on arrivals and prices of tomatoes were collected for the period between 2013–14 and 2019–20. Both the ordinary least square and the twelve-month moving average techniques were employed to identify the long-term trends and seasonal variations in price and arrival patterns. The market arrivals exhibit negative trends in three markets, except for Barasat and Bardhaman, where the observed values are not statistically significant. However, the lone market in Diamond Harbour shows a positive and significant trend in arrivals. Regarding current prices, all markets, except for Chakdah and Siliguri, exhibit positive and significant trends. Seasonality is more prominent in market arrivals than the price for all the markets. Results suggest the variability in arrivals is proportional to the amount of arrivals in the market, in turn, larger arrivals lead to higher variability. Price variations are substantial and exhibit relative stability both within and across markets, unlike arrivals which show more fluctuation. Price fluctuations are significant not only within a given year but also between different years. Additionally, an inverse relationship between current prices and market arrivals suggests as arrivals increase, prices tend to decrease and vice versa. The study provides new insights into the trends in market arrivals and seasonal price dynamics of tomatoes in West Bengal, eastern India.

https://doi.org/10.59978/ar02020008
PDF
EPUB
HTML

References

Acharya, S. S. (2004). Agricultural marketing in India. Oxford and IBH Publishing.

Agarwal, P. K., & Banerjee, A. (2019). Economic analysis of tomato cultivation in Kandi block of West-Bengal, India. Economic Affairs, 64(3), 643−647. https://doi.org/10.30954/0424-2513.3.2019.21

Arjun, K. M. (2013). Indian agriculture-status, importance and role in Indian economy. International Journal of Agriculture and Food Science Technology, 4(4), 343−346.

Asmitaben, C. R., & Narendra, S. (2020). Behaviour of market arrivals and prices of cauliflower in selected markets of Gujarat. International Research Journal of Agricultural Economics and Statistics, 11(1), 81−86. https://doi.org/10.15740/HAS/IRJAES/11.1/81-86

Bera, B. (2017). A study on the variability in market arrivals and prices of potato in some selected markets of West Bengal. International

Journal of Agriculture Sciences, 9(40), 4621−4625.

Bhat, A., Kachroo, J., & Singh, S. P. (2014). A study on behaviour of arrivals and prices of citrus in Narwal market of Jammu, India. Indian Journal of Agricultural Research, 48(1), 23−28. https://doi.org/10.5958/j.0976-058X.48.1.004

Chand, R. (2002). Trade liberalisation, WTO and Indian agriculture: Experience and prospects. Mittal Publications.

Chatterjee, S., & Kapur, D. (2016). Understanding price variation in agricultural commodities in India: MSP, government procurement, and

agriculture markets. In India Policy Forum, 3, 12−13.

Department of Agriculture & Farmers Welfare, Directorate of Economics and Statistics, & Ministry of Agriculture & Farmers Welfare. (2021). Agricultural Statistics at a Glance 2021. Government of India.

https://desagri.gov.in/wp-content/uploads/2021/07/Agricultural-Statistics-at-a-Glance-2021-English-version.pdf

Department of Agriculture, Cooperation & Farmers Welfare, Agriculture Census Division, & Ministry of Agriculture & Farmers Welfare. (2015). All India Report on Agriculture Census (2010–11). Government of India.

https://agcensus.da.gov.in/document/ac/air2010-11%20complete_compressed.pdf

Gouel, C. (2012). Agricultural price instability: A survey of competing explanations and remedies. Journal of economic surveys, 26(1), 129−156. https://doi.org/10.1111/j.1467-6419.2010.00634.x

Gujarati, D. N. (2021). Essentials of econometrics. Sage Publications.

Kahlon, A. S., & Tyagi, D. S. (1983). Agricultural price policy in India. Allied Publishers Private Ltd. https://lccn.loc.gov/83902562

Kanungo, S. (2015). Influence of Market Arrival on Price Formation of Turmeric in Kandhamal District of Odisha. IOSR Journal of Business and Management, 17(1), 01−05.

Keerthi, P. K., & Naidu, G. M. (2013). Forecasting monthly prices of tomato in Madanapalli market of Chittoor district. BIOINFOLET-A

Quarterly Journal of Life Sciences, 10(1b), 201−203.

Kumar, V., Sharma, H. R., & Singh, K. (2005). Behaviour of market arrivals and prices of selected vegetable crops: A study of four met-ropolitan markets. Agricultural Economics Research Review, 18(2), 271−290.

Kundu, P., Adhikary, N. K., & Ghosal, A. (2019). Vegetables marketing scenario and trends in prices and arrivals of vegetables in different

markets of south 24 Parganas district of West Bengal, India. International Journal of Microbiology and Applied Science, 8(12), 1821−1840. https://doi.org/10.20546/ijcmas.2019.812.218

Mahalle, S. L., Shastri, S., & Kumar, S. (2014). Behavioural study of market arrivals and prices of pigeon pea in Maharashtra. Indian Journal of Economics and Development, 10(1), 86−94. https://doi.org/10.5958/j.2322-0430.10.1.011

Mishra, R., & Kumar, D. A. (2012). Price behaviour of major vegetables in hill region of Nepal: An econometric analysis. SAARC Journal of Agriculture, 10(2), 107−120. https://doi.org/10.3329/sja.v10i2.18332

Mondal, M., Paul, S., Mukhopadhyay, A., Mandal, P., Chatterjee, U., Santra, S., Bhattacharya, S., & Paul, S. (2023). Evaluating rural poverty and livelihood diversification in the context of climate-induced extreme events in coastal area: Insights from Indian Sundarban.

Regional Studies in Marine Science, 67, 103191. https://doi.org/10.1016/j.rsma.2023.103191

Naidu, G. M. (2014). Behaviour of market arrivals and prices of cotton. BIOINFOLET-A Quarterly Journal of Life Sciences, 11(4b), 1143−1145.

Patel, S. A., & Patel, J. M. (2013). A comparative study of arrivals and prices of agricultural commodities at APMC using Time Series

Analysis. International Journal of Advanced and Innovative Research, 2(4), 778−82.

Paul, R. K., Yeasin, M., & Paul, A. K. (2022a). The volatility spillover of potato prices in different markets of India. Current Science, 123(3), 482−487. https://doi.org/10.18520/cs/v123/i3/482-487

Paul, R. K., Yeasin, M., Kumar, P., Balasubramanian, M., Roy, H. S., Paul, A. K., & Gupta, A. (2022b). Machine learning techniques for

forecasting agricultural prices: A case of brinjal in Odisha, India. Plos One, 17(7).

https://doi.org/10.1371/journal.pone.0270553

Prakash, B., Srivastava, S., & Lal, S. (1995). Market Arrivals and Prices of Urdbeans in Uttar Pradesh. Indian Journal of Pulses Research, 8(1), 59.

Sarkar, S., & Bera, B. (2022). Trend Analysis and Seasonal Variability of Market Arrivals and Prices of Rice in West-Bengal. Economic Affairs 67(4), 533−41. https://doi.org/10.46852/0424-2513.4.2022.19

Sarkar, S., Chakraborty, A. J., & Bera, B. K. (2021). Study on behavior of market arrivals and prices of mustard in West Bengal. Journal of Crop and Weed, 17(2), 261−266. https://doi.org/10.22271/09746315.2021.v17.i2.1480

Selvi, C. T., Naidu, G. M., Murthy, B. R., & Rajeshwari, S. (2020). Trend and seasonal variation in arrivals and prices of onion in major markets of Tamilnadu. Andhra Pradesh Journal of Agricultural Sciences, 6(2), 92−100

Sharma, R. (2011). Behaviour of market arrivals and prices of tomato in selected markets of north India. International Journal of Farm Sciences, 1(1), 69−74.

Sharma, S., & Singh, I. P. (2014). Behaviour of market arrivals and prices of pearl millet in Rajasthan. Journal of Rural Development, 33(3), 351−358.

Singh, D. K., Pynbianglang, K., & Pandey, N. K. (2017). Market arrival and price behaviour of potato in Agra district of Uttar Pra-desh. Economic Affairs, 62(2), 341–345. https://doi.org/10.5958/0976-4666.2017.00018.3

Singh, J., Kumari, S., & Grover, D. K. (1993). Behavioral analysis of market arrivals and prices of potato in Punjab. Agricultural Marketing, 36(3), 34−42.

Sreepriya, P., & Sidhu, J. S. (2020). An analysis of Market Arrival and Price Behavior of Potato in India. Economic Affairs, 65(1), 9−15. http://dx.doi.org/10.30954/0424-2513.1.2020.2

Sudhakarrao, M. S., & Katkade, J. L. (2016). Seasonality and volatility in arrivals and prices of oilseeds in Marathwada region of Maharashtra state. Indian Journal of Agricultural Research, 50(1), 8−14. https://doi.org/10.18805/ijare.v0iOF.7102

Thamburaj, S., & Singh, N. (Eds.). (2001). Textbook of vegetables, tubercrops and spices. Indian Council of Agricultural Research.

Tomek, W. G., & Kaiser, H. M. (2014). Agricultural product prices. Cornell University Press.

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright (c) 2024 Mr., Dr., Dr., Professor, Dr., Debasish Roy, Mahmudul Hasan Middya, Dr.

Downloads

Download data is not yet available.