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Arthshastra Indian Journal of Economics & Research

ISSN: 2278-1811 Frequency: Quarterly Peer Review: Double-blind Published since: 2012 Language: English
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Behaviour of Market Arrivals and Price of Groundnut in Tamil Nadu : An Economic Analysis

Open Access Original Article

Behaviour of Market Arrivals and Price of Groundnut in Tamil Nadu : An Economic Analysis

M. Muthuraj1

1 Assistant Professor, Department of Economics, Great Lakes Institute of Management, East Coast Road, Manamai, Tirukazhukundram Taluk, Kanchipuram District - 603 102, Tamil Nadu

Volume 6
Issue 4
Pages 41–48
Year 2017
Received: July 28, 2017 Accepted: Aug. 28, 2017 Published: Aug. 1, 2017
Abstract

India ranked 2nd in the world groundnut production after China, with an annual groundnut seed production of 5.9 million tonnes and annual groundnut oil production of 1.5 million tonnes in 2015. In India, Tamil Nadu is one among the leading groundnut cultivating states. Groundnut cultivation covers 5.9% of the area and 4.3% of production. Among different districts in Tamil Nadu, Thiruvannamalai District is the most important producer of groundnut. The present study measured the monthly time-series data on indices of seasonal indices of arrivals and prices of groundnut for the year 2015. I found that the price was the only factor which determined the quantity of market arrivals in the short run. It was also found that the trend in arrivals and prices were found to be positive over a period of time. The growth rates were estimated to be 3.81% for the arrivals and 12.07% for the prices of groundnut. This indicated that the percentage increase in prices of groundnut was found to be higher than that of arrivals.

Keywords Market Arrivals Groundnut Cyclical Variations Regression Co-Efficient.
How to Cite

M. Muthuraj (2017). Behaviour of Market Arrivals and Price of Groundnut in Tamil Nadu : An Economic Analysis. Arthshastra Indian Journal of Economics & Research, 6(4), 41–48. https://doi.org/10.17010/aijer/2017/v6i4/118157

References
  1. Basu, M.S., & Singh, N.B. (2005). Groundnut research in India. Junagadh , Gujarat : National Research Centre for Groundnut (NRCG).
  2. Department of Agriculture and Cooperation, Directorate of Economics and Statistics. (2015). Seasonal and crop report. Chennai, Tamil Nadu.
  3. Godara, C.P., & Bhonde, S.R. (2006). Market arrivals and price trend of important fruits at Azadpur mandi, Delhi. Indian Journal of Marketing, 36 (11), 32 - 35.
  4. Grewal, P.S. (1987). Numerical methods of statistical analysis (p. 555). New Delhi : Sterling Publishers Private Ltd.
  5. Office of the Assistant Director of Statistics. (2015, March). Unpublished records of economics and statistics. Thiruvannamalai, Tamil Nadu.
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