Quick Menu

Upcoming Journals
  • No Upcoming Journals

British Journal of Economics, Management & Trade

British Journal of Economics, Management & Trade, ISSN: 2278-098X,Vol.: 17, Issue.: 2

 

Original-research-article

 

An Economic Analysis of Volume and Price Behaviour of Vegetables in the Republic of Trinidad and Tobago

 

 

Brandon Murphy1, G. Kathiravan1*, Wayne Ganpat2, Duraisamy Saravanakumar3 and Jessica Churaman1

1Department of Agricultural Economics and Extension, Faculty of Food and Agriculture, The University of the West Indies, St. Augustine Campus (The UWI), Trinidad and Tobago.

2Faculty of Food and Agriculture, The University of the West Indies, St. Augustine Campus (The UWI), Trinidad and Tobago.

3Department of Food Production, Faculty of Food and Agriculture, The University of the West Indies, St. Augustine Campus (The UWI), Trinidad and Tobago.

 

Abstracts

 

Aims: This study was aimed to examine the behaviour and pattern of fluctuations in market volume and prices of 21 major vegetables consumed in Trinidad and Tobago.

Study Design:  The study used monthly data for a period of 10 years from 2006 to 2015 obtained from the National Agricultural Marketing and Development Corporation (NAMDEVCO) to investigate fluctuations in market volume and prices of the selected vegetables. Growth trend and seasonality were worked out using linear and lag models.

Methodology: The seasonal indices were worked out by using ratio to moving average decomposition method which was followed by the evaluation of seasonality. Besides, the nature of relationship between market volume and prices was analysed using a lag-linear model.

Results: The results revealed that the seasonality was high (38.71 per cent) in the arrival of large melongene and low (11.79 per cent) in medium sweet peppers arrival to the market. However, the seasonality in price was more (53.68 per cent) in christophene arrival, while it was less (11.96 per cent) in green plantains. The results of lagged linear models indicated that past prices and volumes were important factors that determine the current prices and the marketed volumes in many vegetables.

Conclusion: The study found significant importance to trend in market arrivals and price behaviour of vegetable crops both over the years and across the months, also confirming a negative relationship between market arrivals and prices over the years. Thus, indicating imperfection in marketing of vegetables in the wholesale market, as the traders used the previous week price as guide for setting the current price of the vegetable.

 

Keywords :

Vegetables; price index; volume index; seasonality; growth rate; Trinidad and Tobago.

 

Full Article - PDF    Page 1-10    Article Metrics

 

DOI : 10.9734/BJEMT/2017/28752

Review History    Comments

Search this site

Advanced Search

Announcement & News

ISI Thomson Reuters selected British Journal of Pharmaceutical Research for Emerging Sources Citation Index

We are delighted to inform that ISI Thomson Reuters selected British Journal of Pharmaceutical Resea...

SCOPUS selected Annual Research & Review in Biology (ARRB)

We are delighted to inform that famous indexing organization SCOPUS (from Elsevier) selected  A...

Index Copernicus Evaluation Result Released

We are delighted to inform that Index Copernicus (a leading indexing organization from Pol...

Journal Repository (JR): Permanent Digital Archiving of SDI journals

SDI is happy to announce that all our journals are now permanently archived in Journal Repository (J...

Index Copernicus Value of British Journal of Medicine and Medical Research

  We are delighted to inform that Index Copernicus (a leading indexing organization ...

SDI journal got 35th ranking in Publons

We are delighted to announce (as of 04/01/2016) that British Journal of Medicine and Medical Re...

Growth of SDI and world publication market

As of 2014, total 25,064 journals are competing in World market of journal publication. In 2011, tot...

Publication and site statistics (up to Sept, 2015)

  Number of submission: 22181 (Total up to Sept, 2015) Number of published paper: 10949&n...

Index Medicus selected 15 SDI journals

We are delighted to inform that Index Medicus (IMSEAR) has selected following 15 SDI journals for in...

SCIENCEDOMAIN international received 5844 submissions in 2013

SCIENCEDOMAIN international is pleased to announce that it has received 5844 submissions in 2013, ac...



SCIENCEDOMAIN Awards

  • No Awards listed.

Browser Compatibility : Mozila firefox, Google Crome and IE 7 & above. Creative Commons License Terms & Condition   |   Privacy Policy   |   Join Us   |   Help   |   Contact Us
© Copyright 2010-2017, SCIENCEDOMAIN international. All rights reserved.