Assessment of Co-integration among Kinnow Markets in India

Abstract

The present study analyses the weekly co-integration of kinnow prices among the major kinnow-producing states of India from 2005-06 to 2019-20. The results showed that markets moved together and were well integrated; however, integration was stronger in the case of closely situated markets compared to those markets with long distances between them. All the selected markets were found to be integrated and exhibited long-run relationships with each other. The Hoshiarpur market was a key market as it influenced the prices of other selected markets of the country. To fully integrate the market prices, the study suggests strengthening market intelligence services and improvements in market infrastructure, including storage, transportation, and other physical facilities.