Online ISSN: 2515-8260
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GROUNDNUT PRICE FORECASTING AND SUPPLY RESPONSE MARKET INTEGRATION IN INDIA

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Balwant Singh Rawat,

Abstract

Abstract The oilseed industry plays a significant role in India's agricultural economy, and the nation is the world's biggest producer of oilseeds. These crops are second only to food grains in terms of total acreage, total output, and total economic worth. The nine oilseeds—including the seven edible varieties of groundnut, rapeseed-mustard, sunflower, soybean, and sesame—can be successfully cultivated in India. Outside of Rajasthan, groundnut expansion patterns generally declined. The output of groundnuts in the states of Andhra Pradesh and Karnataka has been declining recently. The state of Tamil Nadu had the fastest increase in groundnut production. Groundnut output fluctuations were found to be greater in Gujarat and Andhra Pradesh, as measured by the instability index. Gujarat, Tamil Nadu, and Karnataka all had relatively stable groundnut crop areas. The market had the largest monthly rise in wholesale groundnut prices compared to other markets.

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