Integration of mustard markets in Rajasthan State of India


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INTEGRATION OF MUSTARD MARKETS IN RAJASTHAN STATE OF INDIA

Authors

  • RICHARD KWASI BANNOR Institute of Agribusiness Management, SK Rajasthan Agricultural University, Bikaner- 334 006, Rajasthan
  • SAUMITRA MATHUR Institute of Agribusiness Management, SK Rajasthan Agricultural University, Bikaner- 334 006, Rajasthan

https://doi.org/10.56739/jor.v32i1.141904

Keywords:

ECM, Market integration, Mustard, Rajasthan, VAR

Abstract

The study assessed the integration between mustard market pairs in Rajasthan state of India using monthly mustard price series ofsix markets from2006-2014. The co-integration tests results indicate, Tonk and Alwar; Tonk and Dausa; Bharatpur and Alwar and Sriganganagar and Dausa are integrated in the long run at lag one. Tonk and Bharatpur and Bharatpur and Dausa are also integrated in the long run at lag two. Error correction model showed that the lowest speed of adjustment towards long run equilibrium was from Tonk to Bharatpur at rate of 43.2%. The highest speed of adjustment was 103.8%, runningBharatpur to Alwar market towards long run equilibrium. Impulse response function results shows when an unexpected positive shock is given to market price in Tonk, Sriganganagar and Bharatpur, the response thereof from other trading markets will be permanent over a period of twelve months.

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Submitted

2023-09-04

Published

2015-12-31

How to Cite

RICHARD KWASI BANNOR, & SAUMITRA MATHUR. (2015). Integration of mustard markets in Rajasthan State of India: INTEGRATION OF MUSTARD MARKETS IN RAJASTHAN STATE OF INDIA. Journal of Oilseeds Research, 32(2). https://doi.org/10.56739/jor.v32i1.141904