A STUDY ON THE HORIZONTAL INTEGRATION OF SELECTED GROUNDNUT MARKETS OF INDIA

R. PARVATHI DEVI¹*, I. BHAVANI DEVI², B. APARNA³, G. MOHAN NAIDU⁴, S.V. PRASAD^5
1Department of Agricultural Economics, S.V. Agricultaral College, Tirupati, ANGRAU, Andhra Pradesh, India
²Department of Agricultural Economics, S.V. Agricultaral College, Tirupati, ANGRAU, Andhra Pradesh, India
³Department of Agricultural Economics, S.V. Agricultaral College, Tirupati, ANGRAU, Andhra Pradesh, India
⁴Department of Agricultural Economics, S.V. Agricultaral College, Tirupati, ANGRAU, Andhra Pradesh, India
⁵Department of Agricultural Economics, S.V. Agricultaral College, Tirupati, ANGRAU, Andhra Pradesh, India
* Corresponding Author : parvathi.samrat@gmail.com

Received : 14-07-2015     Accepted : 18-05-2016     Published : 09-09-2016
Volume : 8     Issue : 34       Pages : 1715 - 1718
Int J Agr Sci 8.34 (2016):1715-1718

Keywords : Groundnut, Co-integration, Granger causality, Vector error correction model
Academic Editor : Zlatko Nedic, Siddayya, A. Ashok Kumar, Padodara R.J., Ghadi Saed Farajnejad
Conflict of Interest : None declared
Acknowledgements/Funding : None declared
Author Contribution : None declared

Groundnut (Arachis hypogea L.) is the fifth largest oilseed crop after soybean, rapeseed, cotton and sunflower in the world, which account for 7.3 per cent of the total world oilseed production (www.soystats.com). Augmented Dickey Fuller test, Johansen’s Multiple Co-integration analysis, Vector Error Correction Model and Granger causality tests were employed in this study. The results indicated that the selected groundnut markets were integrated and prices in Kurnool market and Yemmiganur market exhibited a bidirectional influence at five per cent level of significance, whereas unidirectional influence was exhibited by Gondal market on Kurnool and Yemmiganur markets. The results of the test pointed out that Gondal market was the lead market.