Trends and Seasonality in arrivals and prices of Soybean in APMC, Parbhani

Abstract

The research was based on the arrival and prices of soybean in APMC, Parbhani, which have the maximum number of arrivals in the selected APMC. The arrival and price data for soybean were collected monthly from the official records by APMC, Parbhani. Based on availability data, the latest 21 years of data from 2000 to 2020 were collected. For analyzing the trend in arrivals and prices of agricultural commodities the compound growth rates of chosen agricultural commodities arrivals and prices were calculated, we calculated seasonal indices using the simple average approach. It is believed that, with the increase in arrivals of agricultural commodity in the market, their prices come down and vice versa. In this study, annual compound growth rate of arrivals in case of soybean (-0.69) were found negative and annual compound growth rates of prices in the case of soybean (3.355) were positive growth rate. Arrivals were noticed highest during the month of November (216.15). The lowest indices of arrivals were noticed in the month of July (37.71). In case of price indices was noticed highest in the month of January (119.42), While lowest in June (88.58). The monthly arrivals and prices of soybean in Parbhani market shows great fluctuations and no any specific trend was observed. The government should look over all the APMC and fix a single price for the sale so that the arrivals will not accumulate in one APMC.