Author(s):
Pratibha Bhatnagar, Rajesh Barman
Email(s):
pratibhasfri1@gmail.com
DOI:
10.52711/2231-5691.2024.00058
Address:
Pratibha Bhatnagar1*, Rajesh Barman2
1Formerly, Head, Division of Social Economics, Marketing and Mensuration, M.P. State Forest Research Institute Jabalpur, Madhya Pradesh, India.
2Research Fellow Division of Social Economics, Marketing and Mensuration, M.P. State Forest Research Institute Jabalpur, Madhya Pradesh, India.
*Corresponding Author
Published In:
Volume - 14,
Issue - 4,
Year - 2024
ABSTRACT:
This study delves into the analysis of Nagarmotha dry root (Cyperus scariosus) prices across Central Indian Market, scrutinizing two distinct periods, 2010-2014 and 2015-2021. The study aims to provide a comprehensive understanding of the pricing dynamics, encompassing mean prices, standard deviation values, coefficients of variation, and annual price changes in distinct markets, including Katni, Dhamtari, Mandla, Shivpuri, and Sheopur. Data from the MIS database on quarterly prices were collected and analyzed to discern patterns and fluctuations in the wholesale market rates of Nagarmotha roots. The analysis incorporated statistical methodologies such as simple linear regression, enabling the identification of trends and growth rates in prices across the studied period. Notably, the research highlights significant variations in prices, showcasing both upward trajectories and fluctuations across different markets, indicating evolving market dynamics and price stability in relation to mean values. Analysis of price trends reveals a consistent upward trend in all markets, indicating a prevalent pattern of price escalation over time. However, a notable variation in mean prices between the two periods suggests a substantial increase in the latter, reflecting shifting market perceptions or demand influencing the value of Nagarmotha dry roots. The comprehensive analysis serves as a valuable resource for traders, collectors, and businesses involved in the Nagarmotha market.
Cite this article:
Pratibha Bhatnagar, Rajesh Barman. Market Trends and Variability in Nagarmotha Root (Cyperus scariosus) Prices: A Decadal Analysis in Madhya Pradesh Markets. Asian Journal of Pharmaceutical Research.2024; 14(4):369-3. doi: 10.52711/2231-5691.2024.00058
Cite(Electronic):
Pratibha Bhatnagar, Rajesh Barman. Market Trends and Variability in Nagarmotha Root (Cyperus scariosus) Prices: A Decadal Analysis in Madhya Pradesh Markets. Asian Journal of Pharmaceutical Research.2024; 14(4):369-3. doi: 10.52711/2231-5691.2024.00058 Available on: https://asianjpr.com/AbstractView.aspx?PID=2024-14-4-4
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