An Empirical Analysis of Price Volatility of Turmeric in India
M. Shireesha, P. Asha, S.Sree Vijaya Padma
Journal of Scientific Research and Reports · pp. 283–287 · Published 25 Sep 2024
10.9734/jsrr/2024/v30i102454Abstract
The objective of the present study aimed at examining the price volatility of turmeric in major markets of the state. The secondary data on monthly modal prices for the period January 2011 to December 2023 were collected from Duggirala and Kadapa (Andhra Pradesh), Nizamabad and Warangal (Telangana), Sangli (Maharashtra) and Erode (Tamil Nadu) by using purposive sampling method. The findings of ARCH-GARCH analysis revealed that the price series of Duggirala, Nizamabad and Erode markets showed the presence of price fluctuations as indicated by the sum of Alpha and Beta co-efficient which were nearer to one whereas in the remaining markets, the volatility shocks were not quite persistent.
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