MARKET INTEGRATION OF SWEET LIME BETWEEN DOMESTIC AND INTERNATIONAL MARKETS
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Authors
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RAGINI NAIKOTI, SATYVEER SINGH MEENA AND VIKASH*
Dr. Yashwant Singh Parmar University of Horticulture and Forestry, Nauni, Himachal Pradesh- 173 230
Keywords:
Co-integration, Correlation, Johansen Co-integration Test, Market, PricesAbstract
The study focused on the integration of domestic and international markets for sweet limes during 2021. The co-integration of commodity prices was considered to be necessary for the implementation of a successful marketing reform for which both domestic and international market prices are required. Due to the lack of information regarding international prices, export price information was gathered from the
website of the Agricultural and Processed Food Products Export Development Authority (APEDA), and secondary data regarding domestic prices of sweet lime was gathered from the website of the Agricultural Marketing Information Network (AGMARKNET). The annual average prices data for the chosen markets were gathered, and the Pearson correlation coefficient and Johansen’s co-integration analysis approaches were used to analyse the relationship between the chosen market pair. Both markets were found to be correlated 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’s findings on market integration reveal how closely related the selected market places’ pricing are to one another. Additionally, this research demonstrated that the model’s variables exhibited an equilibrium longrun co-movement with the market price series.
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