Market Integration of Maize Market in Marathwada Region

Shrinivas V. Bharati, Tukaram B. Munde, Pooja U. Tidke, Ranjit V. Chavan and Suvarna D. Choudhari

Indian Journal of Agricultural Marketing, 2025, vol. 39, issue 1

Abstract: The present study was carried out by employing the integration of maize among major markets different tests, namely, Augmented Dickey-Fuller (ADF) unit root test, Johansen co-integration test, were carried out. The selections of the markets were based on the maximum quantity of prices of maize among the markets of Marathwada region. The results of the study confirmed that markets are having long run equilibrium relationship and major markets of maize in Marathwada region are integrated. All the two maize markets are highly cointegrated may be because of better marketing infrastructure, easy flow of market information at level with lag one, both the ADF values for Jalna -2.8307 and Aurangabad -2.0831 less than the critical value at one per cent (1%) level of significance which indicates the nonexistence of unit root and the price series of both the selected markets are non-stationary. It was also examined that the trace statistics and max eigen value statistics were significant at 1% level and 5% level significance so there was definite integration found between selected markets.The present study concludes that the fluctuations in prices of maize at Jalna markets of finitely affects maize the prices of Aurangabad APMCsand vice versa.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:injagm:400069

DOI: 10.22004/ag.econ.400069

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