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International Journal of Sustainable Agricultural Research

September 2019, Volume 6, 3, pp 150-165

Market Integration and Seasonal Price Variation of High-Value Vegetable Crops in Chittagong Hill Districts of Bangladesh

Shah Johir Rayhan

,

Md Jahurul Islam

,

Mohammad Mizanul Haque Kazal

,

M. Kamruzzaman

Shah Johir Rayhan 1
Md Jahurul Islam 2

Mohammad Mizanul Haque Kazal 3
M. Kamruzzaman 4

  1. Sher-e-Bangla Agricultural University, Associate Professor, Dept. of Management and Finance, Dhaka-1207, Bangladesh. 1

  2. Master of Science in Agricultural Economics, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Salna, Gazipur-1706, Bangladesh. 2

  3. Professor, Dept. of Development and Poverty Studies, Sher-e-Bangla Agricultural University, Dhaka- 1207, Bangladesh. 3

  4. Professor, Department of Agricultural Economics, Bangabandhu Sheikh Mujibur Rahman Agricultural University, Salna, Gazipur-1706, Bangladesh. 4

Pages: 150-165

DOI: 10.18488/journal.70.2019.63.150.165

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Article History:

Received: 21 March, 2019
Revised: 23 April, 2019
Accepted: 29 May, 2019
Published: 21 August, 2019

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Abstract:

The present study analyzed the spatial price integration and seasonal price variations of brinjal and yard-long bean in the Chittagong hill districts of Bangladesh. Secondary data were amassed from the Department of Agricultural Marketing (DAM) for the time period of 2006-2015. Correlation coefficient and Engle-Granger (EG) co-integration tests were used as a tool for analyzing price integration among selected district markets. For the estimation of seasonal price variation, ratio to moving average method was adopted for the study. The findings of the study from this observed evaluation of spatial price linkage through correlation coefficients and co-integration among the selected markets of Bangladesh considering the wholesale price of selected vegetables indicated that these markets were well integrated but not strongly integrated. That means the Chittagong market for each commodity was significantly integrated but not significantly highly integrated because of not as much developed transportation system in the hilly areas. The average seasonal variation of price of brinjal was found to be the maximum in the month of October and the minimum in the month of March. The average seasonal price variation of yard long bean was utmost in February and lowest in the month of June. The outcome of the present study could benefit the farmers and market actors monetarily if the production and marketing system of vegetables are well developed.
Contribution/ Originality
Since vegetables are inexpensively and socially important, the spatial price integration among the different vegetable market has not been discussed so far and analyzed for the intended study area where enormous prospects of vegetable production are present. This research is one of the very few researches which attempt to explore the potentiality of value addition practices, market integration and price variation of vegetables in CHT’s Bangladesh.

Keywords:

High-value vegetables, Chittagong hill tracts, Marketing channel, Crop diversification, Seasonal price variation, Spatial price integration.

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Reference:

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Funding:

This study is funded by Bangladesh Krishi Gobeshona Endowment Trust (BKGET) under Krishi Gobeshona Foundation (KGF), Dhaka.

Competing Interests:

The authors declare that they have no competing interests.

Acknowledgement:

All authors contributed equally to the conception and design of the study. This work is the part of the project activities of ‘Entrepreneurship and Value Chain Development for Linking Hill Farmers with Market’’ (Component-IV), Commissioned Research Project (CRP) of Hill Agriculture. A six months’ fellowship were awarded to the first and second author from this project to fund the research and the implementation of this project was carried out by Bangladesh Agricultural Research Institute (BARI).

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