National Academy of Agricultural Sciences (NAAS)
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PRINT ISSN : 2319-7692
Online ISSN : 2319-7706 Issues : 12 per year Publisher : Excellent Publishers Email : editorijcmas@gmail.com / submit@ijcmas.com Editor-in-chief: Dr.M.Prakash Index Copernicus ICV 2018: 95.39 NAAS RATING 2020: 5.38 |
The soybean (Glycine max) is a species of legume, popularly known as the “golden bean” or “miracle bean” of the 21st century. Soybean is the leading oilseed produced globally. Huge fluctuations in prices of farm produce are observed during past few years. The present study aimed to study price movement of soybean i.e. seasonal variation and co-integration among the major soybean markets in western Maharashtra. For study purpose the data related to monthly average prices and arrivals of soybean were collected from major markets in western Maharashtra state viz., Lasalgaon, Sangali, Kopargaon and Shrirampur for the period 2009-2018. Moving average method used to study seasonal variations. The econometric tools like ADF test, Johansen’s multiple co-integration test and Granger causality test model were used study price volatility and co integration among different markets. The results of the study showed that the prices of soybean were higher in the months from June to August in while arrivals of soybean were higher in October to December in all selected markets. For all selected markets the price series showed the consequences of unit root and were stationary at first difference. The selected markets show long run equilibrium relationship and co-integration between them. Most of the markets showed unidirectional influence on soybean prices.
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