An Analysis of Market Arrivals and Price Behavior of Coriander in Madhya Pradesh, India

Abstract

The current research embarked on analysing wholesale prices of coriander in Madhya Pradesh spanning a decade from 2012-13 to 2021-22, sourced from specific A.P.M.Cs. The examination predominantly relied on secondary data regarding coriander arrivals and prices. Results uncovered a positive regression coefficient (β) correlated with time (T), indicating a consistent upward trend in wholesale coriander prices in Madhya Pradesh. Annual prices of coriander in Ashok Nagar, Guna, and Bhopal markets exhibited two cycles, one spanning 7 years and the other 2 years. Across all selected markets, a similar irregular fluctuation pattern observed in yearly coriander prices, lacking any distinct periodicity. Seasonal analysis revealed varying patterns in coriander prices across Bhopal, Ashok Nagar, and Guna markets, with no stable trend discernible. The Seasonal price variation of coriander in these markets was lowermost in January and remained relatively less throughout the sowing time. Coriander arrivals conspicuously dispersed more evenly in Bhopal market compared to the other two. In terms of IPR (Index of Price Relative), significant price variability was observed; with Guna market exhibiting the highest and Ashok Nagar market the lowest variability. Conversely, ASPV (Average Seasonal Price Variation) showed an inverse relationship with IPR, with Ashok Nagar market experiencing the maximum price variation among all selected markets.