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Current IssueEditorial BoardOnline First ArticlesArchive

Research Article

volume 38 issue 4 (december 2018) : 260-264,   Doi: 10.18805/ag.D-4846

Market integration of selected cotton markets in Haryana

V
V. Mahesh
R
R.K. Grover
R
R.S. Geetha
1Department of Agricultural Economics, CCS Haryana Agriculture University, Hisar-125 004, Haryana, India.
Cite article:- Mahesh V., Grover R.K., Geetha R.S. (2019). Market integration of selected cotton markets in Haryana. Agricultural Science Digest. 38(4): 260-264. doi: 10.18805/ag.D-4846.

ABSTRACT

The present study aimed to paper the co-integration among the selected cotton markets in Haryana. The monthly data on prices of cotton were collected for the period from 2005-06 to 2016-17. The advanced econometric tools like ADF test, Johansen co-integration test and Granger Causality test were used to study market integration. The price series of commodity namely cotton in selected markets showed the consequences of unit root and were stationary at first difference. The long run equilibrium relationship among the selected markets indicated that these were integrated with each other. This implies that prices in domestic markets of Haryana move together in response to changes in the demand and supply and cost of a product. Granger Causality test resulted Dabwali market as lead cotton market because it influenced the prices of most of selected cotton markets.

REFERENCES

  1. Anonymous (2017). Cotton: World Markets and Trade. United States Department of Agriculture, Foreign Agricultural Service.
  2. Anonymous (2017). Selected State-wise area, production and productivity of Cotton in India. Ministry of Agriculture and Farmers’ Welfare of India. (Accessed on 28th December 2017) Available: https://www.indiastat.com/agriculture-data/2/agricultural-    production/225/cotton-lint kapas/17205/stats.aspx
  3. Anuja, A. R., Khar, A., Jha, G. K. and Kumar, R. (2013). Price dynamics and market integration of natural rubber under major trade regimes of India and Abroad. Indian Journal of Agricultural Sciences, 83(5): 19-22. 
  4. Awasthi, P. K., Tomar, A. and Korde, D. (2016). Market Integration and Price Volatility across Soybean Markets in Central India. International Journal of Agricultural Sciences, 8(51): 2349-2352. 
  5. Devi, I.B., Srikala, M. and Ananda, T. (2016). Price behaviour of chillies in guntur market of Andhra Pradesh, India. Indian Journal of Agricultural Research, 50(5): 471-474.
  6. Devi, P. R., Devi, B. I., Aparna, B., Naidu, M. G. and Prasad, S. V. (2016). A study on horizontal integration of selected groundnut markets of India. International Journal of Agricultural Sciences, 8(34): 1715-1718. 
  7. Johansen, S. and Juselius, K. (1990). Maximum Likelihood Estimation and Inference on Cointegration - With Applications to the Demand for Money. Oxford Bulletin of Economics and Statistics, 52(2): 169-210. 
  8. Khatkar, R.K., Singh, V.K., Karwasra, J.C., and Bhatia, J.K. (2013). Market integration and price volatility in domestic mustard markets. Indian Journal of Economics and Development, 9(2): 114-123. 
  9. Paul, R. K. and Sinha, K. (2015). Spatial market integration among major coffee markets in India. Journal of the Indian Society of Agricultural Statistics, 69(3): 281-287.
  10. Sundaramoorthy, C. (2012). Analysis of price dynamics and market integration in cotton value chain under different Trade Regime. Doctoral Dissertation, Indian Agricultural Research Institute, New Delhi. 
  11. Suresh, S. (2017). Market Integration in Major Cotton Markets of India. M.Sc. Thesis, Punjab Agricultural University, Ludhiana. 
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    Research Article

    volume 38 issue 4 (december 2018) : 260-264,   Doi: 10.18805/ag.D-4846

    Market integration of selected cotton markets in Haryana

    V
    V. Mahesh
    R
    R.K. Grover
    R
    R.S. Geetha
    1Department of Agricultural Economics, CCS Haryana Agriculture University, Hisar-125 004, Haryana, India.
    Cite article:- Mahesh V., Grover R.K., Geetha R.S. (2019). Market integration of selected cotton markets in Haryana. Agricultural Science Digest. 38(4): 260-264. doi: 10.18805/ag.D-4846.

    ABSTRACT

    The present study aimed to paper the co-integration among the selected cotton markets in Haryana. The monthly data on prices of cotton were collected for the period from 2005-06 to 2016-17. The advanced econometric tools like ADF test, Johansen co-integration test and Granger Causality test were used to study market integration. The price series of commodity namely cotton in selected markets showed the consequences of unit root and were stationary at first difference. The long run equilibrium relationship among the selected markets indicated that these were integrated with each other. This implies that prices in domestic markets of Haryana move together in response to changes in the demand and supply and cost of a product. Granger Causality test resulted Dabwali market as lead cotton market because it influenced the prices of most of selected cotton markets.

    REFERENCES

    1. Anonymous (2017). Cotton: World Markets and Trade. United States Department of Agriculture, Foreign Agricultural Service.
    2. Anonymous (2017). Selected State-wise area, production and productivity of Cotton in India. Ministry of Agriculture and Farmers’ Welfare of India. (Accessed on 28th December 2017) Available: https://www.indiastat.com/agriculture-data/2/agricultural-    production/225/cotton-lint kapas/17205/stats.aspx
    3. Anuja, A. R., Khar, A., Jha, G. K. and Kumar, R. (2013). Price dynamics and market integration of natural rubber under major trade regimes of India and Abroad. Indian Journal of Agricultural Sciences, 83(5): 19-22. 
    4. Awasthi, P. K., Tomar, A. and Korde, D. (2016). Market Integration and Price Volatility across Soybean Markets in Central India. International Journal of Agricultural Sciences, 8(51): 2349-2352. 
    5. Devi, I.B., Srikala, M. and Ananda, T. (2016). Price behaviour of chillies in guntur market of Andhra Pradesh, India. Indian Journal of Agricultural Research, 50(5): 471-474.
    6. Devi, P. R., Devi, B. I., Aparna, B., Naidu, M. G. and Prasad, S. V. (2016). A study on horizontal integration of selected groundnut markets of India. International Journal of Agricultural Sciences, 8(34): 1715-1718. 
    7. Johansen, S. and Juselius, K. (1990). Maximum Likelihood Estimation and Inference on Cointegration - With Applications to the Demand for Money. Oxford Bulletin of Economics and Statistics, 52(2): 169-210. 
    8. Khatkar, R.K., Singh, V.K., Karwasra, J.C., and Bhatia, J.K. (2013). Market integration and price volatility in domestic mustard markets. Indian Journal of Economics and Development, 9(2): 114-123. 
    9. Paul, R. K. and Sinha, K. (2015). Spatial market integration among major coffee markets in India. Journal of the Indian Society of Agricultural Statistics, 69(3): 281-287.
    10. Sundaramoorthy, C. (2012). Analysis of price dynamics and market integration in cotton value chain under different Trade Regime. Doctoral Dissertation, Indian Agricultural Research Institute, New Delhi. 
    11. Suresh, S. (2017). Market Integration in Major Cotton Markets of India. M.Sc. Thesis, Punjab Agricultural University, Ludhiana. 
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