Title: TREND OF MARKET PRICE AND SEASONALITY OF SOYBEAN IN GUJARAT
Authors: Ganga Devi and Priyanka Parmar
Publisher: Society of Extension Education Gujarat
Keywords: soybean, inter and intra year price, seasonality, compound growth rate
Year: June 2022
Abstract: The study was conducted to see the trend and relationship of market price and arrivals of soybean in Gujarat state. Total eight regulated markets were selected purposively on the basis of maximum arrival of soybean in the market. The secondary data on monthly prices and arrivals were collected from the website of www.agmarknet.gov.in of selected regulated markets for last ten years (2010 to 2019). The negative relationship was observed between arrivals and prices of soybean irrespective of the selected markets as expected and the pattern of arrival indices were found to be highest from March to May, whereas the peak of price indices was observed from the month of June to December. This may be due to the storage of soybean by the producers or farmers sale the produce to the local traders and they stored in post harvest season and released in the markets before commencement of new season to fetch better price. Therefore, it was suggested that farmers can sale their produce when prices are on peak in the market to get higher prices for their prosperity.