Journal ID : AMA-30-01-2025-13429
[This article belongs to Volume - 56, Issue - 02]
Total View : 432

Title : Turmeric Price Dynamics in the Eastern Himalayan Region: A Case Study of Meghalaya

Abstract :

This study explores the trends in price variability for turmeric in Meghalaya's regulated market, utilizing data provided by the State Agricultural Marketing Board. The analysis focuses on the Mawiong Market, managed by the Mawiong Market Committee, which serves as a key hub for agricultural commodities in the region. The trend line equation y=1.0854x−34607y = 1.0854x - 34607y=1.0854x−34607 indicates an upward trend, necessitating further analysis to confirm its statistical significance. The study employs statistical methods, including the Sense Slope estimate and Mann-Kendall's test, to analyze turmeric price dynamics over ten years from January 2014 to February 2024 to analyze significant changes. This non-parametric test is widely used to detect monotonic trends in time series data. The Mann-Kendall test revealed a z value of 2.5006 with a p-value of 0.0124, confirming a statistically significant increasing trend in turmeric prices over the analyzed period. The Sen's slope estimate indicated a positive slope of 51.71, suggesting a gradual increase in prices over the period. Correlation and regression analyses reveal that minimum temperature significantly influences turmeric prices, indicating its pivotal role in shaping price dynamics in Meghalaya. In contrast, maximum temperature and rainfall show weak and statistically insignificant effects. These findings highlight the need for adaptive agricultural policies and market stabilization measures to address climate-driven price variations. To stabilize market dynamics, policymakers should enhance price monitoring systems, provide support to turmeric producers, and strengthen marketing infrastructure to ensure the resilience of Meghalaya's turmeric market amidst ongoing fluctuations.

Full article