Trend in annual wholesale prices of soybean in southern Rajasthan

Devendra Verma, Latika Sharma, Neetu Mehta and Manoj Kumar Jangid

Indian Journal of Agricultural Marketing, 2015, vol. 29, issue 2

Abstract: Soybean (Lysine max L.) is one of the important oilseeds as well as a pulse crop. India ranks at fourth and fifth place in the world with respect to soybean area and production, respectively (Agricultural Statistics, 2014). Rajasthan is at the third position in area and production of soybean. Rajasthan occupied an area of 1.17 million hectare with the production of 0.97 million tonnes during kharif 2014 and productivity was 829 kg ha−1 (Agricultural Statistics, 2014). Soybean is a major oilseed crop cultivated in Southern Rajasthan. The market arrivals of soybean are affected by the wholesale prices of soybean and the inter seasonal variations in it. For finding the trend, secondary data was collected for the period 2001 to 2014from published Government sources. Four markets were selected from four selected district namely Pratapgarh, Chittorgarh, Bhilwara and Banswara.. Linear and compound models were used for present study. Exponential trend was found to be the best fit for all the markets. The result of compound growth rates revealed that wholesale prices of soybean recorded significant growth rates in selected market of southern Rajasthan. The prices were found to rose significantly during the study period. The compound rate of growth ranged from 9.91 per cent per annum in Banswara and 10.08 per cent annum in Pratapgarh market.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ags:injagm:399541

DOI: 10.22004/ag.econ.399541

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