Citations


Contact Us

For Marketing, Sales and Subscriptions Inquiries
2637 E Atlantic Blvd #43110
Pompano Beach, FL 33062
USA

Conference List

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

Share :

Article History:

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


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.

Video:

Reference:

Acharya, S.S. and N.L. Agarwal, 1994. Agricultural marketing in India. New Delhi: Oxford and IBN Publishing Co. Pvt. Ltd.

Akpan, S.B., I.-M.V. Patrick, G.E. Edet and D.E. John, 2014. Analysis of price transmission of fresh tomato and pineapple in the rural and urban markets of Akwa Ibom Sate, Nigeria. American Journal of Agriculture and Forestry, 2(3): 66-78.Available at: https://doi.org/10.11648/j.ajaf.20140203.13.

Alam, S. and R. Begum, 2007. Testing market integration of leading crops in Bangladesh. Bangladesh Journal of Agricultural Economics, 30(1): 57-78.

Awal, M., S.A. Sabur and A.A. Huq, 2007. Price integration in potato markets of Bangladesh. Bangladesh Journal of Agricultural Economics, 30(2): 69-80.

Chowdhury, A., 2012. Marketing system and seasonal price variation of brinjal in selected area of Bogra Districts. M.S. Thesis, Department of Agribusiness and Marketing, Bangladesh Agricultural University, Mymensingh. Bangladesh.

Dickey, D.A. and W.A. Fuller, 1979. Distribution of the estimators for autoregressive time series with a unit root. Journal of the American Statistical Association, 74(366a): 427-431.Available at: https://doi.org/10.1080/01621459.1979.10482531.

Dorosh, P., 2001. Foodgrain production and imports: Toward self-sufficiency in rice? In, R Ahmed, S. Haggblade, and T.E. Chowdhury (Eds.), Out of the Shadow of Famine: Evolving Food Markets and Food Policy in Bangladesh. Washington, D.C: International Food Policy Research Institute.

Engle, R.F. and C.W.J. Granger, 1987. Cointegration and error correction: Representation estimation and testing. Econometrica, 55(2): 251-276.Available at: https://doi.org/10.2307/1913236.

Firdaus, M. and I. Gunawan, 2012. Integration among regional vegetable markets in Indonesia. Journal ISSAAS, 18(2): 96-106.

Ghosh, N., 2012. Market integration in agricultural commodities in India: A study on impact of movement in international prices on household welfare. SANEI Working Paper Series No. 12-02, South Asia Network of Economic Research Institutes, Dhaka.

Goletti, F. and S. Babu, 1994. Market liberalization and integration of maize markets in Malawi. Agricultural Economics, 11(2-3): 311-324.Available at: https://doi.org/10.1016/0169-5150(94)00005-0.

Gujarati, D.N., 2003. Basic econometrics. 4th Edn., India: Tata McGraw-Hill Edition.

HIES, 2017. Preliminary report on household income and expenditure survey 2016. Bangladesh Bureau of Statistics (BBS), Statistics and Informatics Division, Ministry of Planning, Government of the People’s Republic of Bangladesh. pp: 35.

Islam, M.J., 2019. Contextual estimation of marketable and marketed surplus of selected seasonal fruits: A study based on Chittagong Hill tracts (CHT) of Bangladesh. International Journal of Sustainable Agricultural Research, 6: 21-32.Available at: https://doi.org/10.18488/journal.70.2019.61.21.32.

Mahmud, R., W.M. Zohir, H.R. Sultan and Z. Sajjad, 1994. Agricultural growth through crop diversification in Bangladesh. International Food Policy Research Institute Working Paper No. 7.

Mishra, R. and A. Kumar, 2014. The spatial integration of vegetable markets in Nepal. Asian Journal of Agriculture and Development, 8(1): 101-114.

Monke, E. and T. Petzal, 1988. Market integration: An application to international trade in cotton. American Journal of Agricultural Economics, 66(4): 401-487.

Monke, E. and T. Petzel, 1984. Market integration: An application to international trade in cotton. American Journal of Agricultural Economics, 66(4): 481-487.Available at: https://doi.org/10.2307/1240927.

Moodley, R.D., W.A. Kerr and D.V. Gordon, 2000. Has the Canada-US trade agreement fostered price integration? Review of World Economics, 136(2): 334-354.Available at: https://doi.org/10.1007/bf02707691.

Mukhtar, T. and M.T. Javed, 2008. Market integration in wholesale maize markets in Pakistan. Regional and Sectoral Economic Studies, 8(2): 85-98.

Nasrin, S., 2012. Marketing efficiency of selected vegetables at Shibganj Upazilla in Bogra District. M.S. Thesis, Department of Agribusiness and Marketing, Bangladesh Agricultural University, Mymensingh. Bangladesh.

Phillips, P.C., 1986. Understanding spurious regressions in econometrics. Journal of Econometrics, 33(3): 311-340.Available at: https://doi.org/10.1016/0304-4076(86)90001-1.

Piadozo, M.E.S., 2013. Efficiency of benguet vegetable price linkages. Journal of the International Society Asian Agricultural Sciences, 19(2): 104-119.

Ravallion, M., 1986. Testing market integration. American Journal of Agricultural Economics, 68(1): 102-109.Available at: https://doi.org/10.2307/1241654.

Shrestha, R.B., W.C. Huang and R. Ghimire, 2010. Market price cointegration of Tomato: Effects to Nepalese farmers. International Journal of Food and Agricultural Economics, 2(2): 87-96.

Statistics:

Google Scholor ideas Microsoft Academic Search bing Google Scholor

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).

Related Article

( 1 ) Small-Scale Milk Processing, Utilization and Marketing of Traditional Dairy Products in Bahir Dar Zuria and Mecha Districts, Northwestern Ethiopia
( 2 ) Analysis of Fresh Fish Marketing in Ngaski Local Government Area of Kebbi State, Nigeria
( 3 ) Profitability of Non-Timber Forest Products (NTFPS) Production and Marketing in Zuru Local Government Area, Kebbi State: A Case for Honey
( 4 ) Effects of Ebola (EVD) Outbreak on Bush Meat Marketing and Consumption in Ibarapa Central Local Government Area of Oyo State, Nigeria
( 5 ) Empirical Study on the Relationship between Market Share, Advertising Density and Ratio of Sales
( 6 ) Assessments of Market Oriented Beef Cattle Fattening System Under Farmer Management Condition in South Omo Zone of Snnpr
( 7 ) Village Chicken Production and Marketing in West Gojjam Zone, Ethiopia
( 8 ) An Assessment of the Market Structure of Sesame among Farmers, Wholesalers and Retailers in Nasarawa State, Nigeria
( 9 ) Gender Differentials in Labour Market Participation of Rural Households in Non-Farm Activities in Oyo State, Nigeria
( 10 ) Contextual Estimation of Marketable and Marketed Surplus of Selected Seasonal Fruits: A Study Based on Chittagong Hill Tracts (CHT) of Bangladesh
( 11 ) Market Integration and Seasonal Price Variation of High-Value Vegetable Crops in Chittagong Hill Districts of Bangladesh
( 12 ) Determination of Microbiological Quality of White Cheeses Marketed in Afyonkarahisar
( 13 ) Death in the Mouth: The Current Status of Pesticide Residues in Cured Fish from Selected Markets in Rivers State Nigeria
( 14 ) Market Participation and Food Security Status of Bio-Fortified Cassava Processors in South Western Nigeria
( 15 ) Evaluation of Bread Making Performance of Some Wheat Flour Brands Available in Nigerian Markets as Affected by Cassava or Sweet Potato Flour Inclusion
( 16 ) Essential and Toxic Metals Determination in Imported and Fresh Beef Cattle Meat Sold in Erbil Markets
( 18 ) The Fungicide and Variety Integration Effect on Late Blight (Phytophthora infestans) Disease of Potato (Solanum tuberosum L.) in Western Amhara Region, Ethiopia
( 19 ) Studies on Seasonal Performance of Newly Developed Bivoltine Silkworm (Bombyx Mori L) Hybrids Tolerant To Bmnpv and Effect of Temperature on Disease Induction
( 23 ) The Relationship between Food Production, Agricultural Land, Rice Production, and Rice Price: An Empirical Study on Thailand and Viet Nam
( 24 ) Variation in Density and Shrinkage between Sawmill and Hand Processed Khaya Senegalensis Woodin Sokoto, North-Western Nigeria
( 25 ) Variation of Wood Density in Tropical Rainforest Trees
( 26 ) Study of Factors Linked to the Variation in Rentability in the Farming of Broiler Chickens in Northeast Algeria
( 27 ) Physiological Aspects of Yield Variation among Seven Groundnut Genotypes Cultivated under Rain-Fed Conditions
( 29 ) Evaluating Variation in Seed Quality Attributes in Pinus Patula Clonal Orchards using Cone Cluster Analysis
( 30 ) Variations in Vitamin Composition of Four Accessions of Dialium guineense (L.) Fruit Pulp
( 32 ) Some Insect Pests (Arthropoda: Insecta) of Summer Vegetables, Their Identification, Occurrence, Damage and Adoption of Management Practices
( 33 ) Comparative Analysis of Technical Efficiencies of Smallholder Vegetable Farmers with and Without Credit Access in Swazil and the Case of the Hhohho Region
( 34 ) Gender Issues of Labour Participation in Vegetable Production in Ikorodu Local Government Area of Lagos State
( 35 ) Design of Experiment - Optimization of HPLC Analysis of Vitamin A and E in Margarine and Vegetable Oil
( 37 ) Vegetable Farmers Knowledge and Safety Practices towards Pesticides: Results from Field Observation in Southeastern DR Congo
( 38 ) Chemical Changes Associated with Repetitive Re-Use of Vegetable Oil during Deep Frying of Bean Cake, Plantain and Yam
( 39 ) Biochemical Composition and Consumption Risk of Leafy Vegetables Puts and Babenda Cereals Produced in Five Cities in Burkina Faso
( 41 ) Exploring the Climate Change Impact on Major Food Crops of Bangladesh - A Time Series Analysis
( 44 ) Socioeconomic Impact of Bagging Technology for Value Addition in Mango in the Chittagong Hill Tracts of Bangladesh