MARKET INTEGRATION OF SWEET LIME BETWEEN DOMESTICAND INTERNATIONAL MARKETS
2023
RAGINI NAIKOTI, | SATYVEER SINGH MEENA | VIKASH
The study focused on the integration of domestic and international markets for sweet limes during2021. The co-integration of commodity prices was considered to be necessary for the implementation ofa successful marketing reform for which both domestic and international market prices are required. Dueto the lack of information regarding international prices, export price information was gathered from thewebsite of the Agricultural and Processed Food Products Export Development Authority (APEDA), andsecondary data regarding domestic prices of sweet lime was gathered from the website of the AgriculturalMarketing Information Network (AGMARKNET). The annual average prices data for the chosen marketswere gathered, and the Pearson correlation coefficient and Johansen’s co-integration analysis approacheswere used to analyse the relationship between the chosen market pair. Both markets were found to becorrelated through correlation analysis, and the findings of the Johansen Co-integration rank, trace test,and eigen value statistics test were used to analyse the integration among the markets. The study’sfindings on market integration reveal how closely related the selected market places’ pricing are to oneanother. Additionally, this research demonstrated that the model’s variables exhibited an equilibrium long-run co-movement with the market price series
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