Price Analysis and Forecasting of Basmati Rice Crop in Karnal District of Haryana

Abstract

The present study was conducted in Assandh and Karnal Blocks of Karnal district, Haryana which was selected purposively on the basis of maximum production under basmati rice crop. Further, four regulated markets in Karnal district, i.e., Karnal, Gharunda, Assandh and Taraori markets were purposively selected for the market study. The results showed that average prices forecast for the year 2017 to be about Rs. 1567 per quintal with upper and lower limit ` 1567 to 1329 per quintal in Karnal market, ` 1652 per quintal with upper and lower limit ` 1652 to 1259 per quintal in Gharunda market, ` 1667 per quintal with upper and lower limit ` 1667 and 1515 per quintal in Assandh market and ` 1701 per quintal with upper and lower limit ` 1701 to 1680 per quintal in Taraori market, respectively.