Year: 2022 | Month: September | Volume 67 | Issue 4
Trend Analysis and Seasonal Variability of Market Arrivals and Prices of Rice in West-Bengal
Sourakanti Sarkar
Bimal Bera
DOI:10.46852/0424-2513.4.2022.19
Abstract:
The challenges of fighting poverty and enhancing food security in South Asia have made maize a strategic crop in this region. In this study, maize production in South Asia, encompassing Afghanistan, Bangladesh, Bhutan, China, India, Nepal, Pakistan, and Sri Lanka, was analysed and projected from 1961 to 2027 using state-space and ARIMA models. The estimation outcomes demonstrated the state-space models’ superior performance in predicting trends in maize output for all eight time series. Additionally, the forecast estimation revealed that we anticipated an uptick in the output of maize in these nations; this finding would be encouraging for the countries in this region as it would heighten the problem of food security. India would be leading countries in maize with production of 380438 thousand tonnes in 2027.
Highlights
- The different markets have arrived the peak arrival period depending on the time of sowing and harvesting as well as the perception of the respondents of better future prices.
- Variability in price is found to be considerably less than that of market arrivals
- The relationship between market arrival and current price is positive for all markets except Siliguri and Bishnupur and one year lagged price is positively correlated with arrival only for Contai and Bishnupur market.
© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
Print This Article Email This Article to Your Friend
