KRISHI
ICAR RESEARCH DATA REPOSITORY FOR KNOWLEDGE MANAGEMENT
(An Institutional Publication and Data Inventory Repository)
"Not Available": Please do not remove the default option "Not Available" for the fields where metadata information is not available
"1001-01-01": Date not available or not applicable for filling metadata infromation
"1001-01-01": Date not available or not applicable for filling metadata infromation
Please use this identifier to cite or link to this item:
http://krishi.icar.gov.in/jspui/handle/123456789/35988
Title: | Price discovery in Mustard seed and mustard oil futures markets , India |
Other Titles: | Not Available |
Authors: | Dinesh Chand Meena O.P Singh Rakesh Singh Miana Kumari |
ICAR Data Use Licennce: | http://krishi.icar.gov.in/PDF/ICAR_Data_Use_Licence.pdf |
Author's Affiliated institute: | ICAR::Indian Institute of Soil and Water Conservation |
Published/ Complete Date: | 2015-01-01 |
Project Code: | Not Available |
Keywords: | Vector error correction model, price discovery, mustard seed, ADF , co- integration. |
Publisher: | Not Available |
Citation: | Not Available |
Series/Report no.: | Not Available; |
Abstract/Description: | Among different edible oilseeds grown in India, mustard occupied prominent place due to larger portion of population are consuming it as vegetable oil. Beside other factors, prices of oilseeds playing an important and highly influencing factor to the farmer's decision regarding the area allocation under oilseed crops. This study attempts to assess the future and spot price linkages for mustard seed and mustard oil in various selected domestic markets of India.The study was based on secondary data and it was analysed by using co- integration technique and vector error correction model (VECM). The significant coefficient of at least one error correction term confirmed the results of co- integration between spot and future prices of mustard seed , mustard oil and mustard oil in all the selected markets. The results of VECM revealed that the coefficient of the error correction term was negative and significant i the case of spot market for mustard seed and mustard oil in the selected markets. This implies that spot prices are stable in the long run and any deviation in their prices due to external shocks that occurred in the short -run was well adjusted by the market forces over time.The model also revealed the existence of unidirectional short run casuality in the selected markets of mustard seed except Sriganganagar market. This phenomenon of price convergence for the crop clearly depicts that farmers would be able to effectively mitigate the price risk in future markets. |
Description: | Not Available |
ISSN: | Not Available |
Type(s) of content: | Research Paper |
Sponsors: | Not Available |
Language: | English |
Volume No.: | Not Available |
Page Number: | Not Available |
Name of the Division/Regional Station: | Not Available |
Source, DOI or any other URL: | Not Available |
URI: | http://krishi.icar.gov.in/jspui/handle/123456789/35988 |
Appears in Collections: | NRM-IISWC-Publication |
Items in KRISHI are protected by copyright, with all rights reserved, unless otherwise indicated.