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Forecasting Trend Of Wheat Prices In Pakistan

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Author Info

  • Syed Asad Raza ABIDI

    (Shah Abdul Latif University Khairpur Mirs)

  • Aishah Bashir SHAH

    (IBA-University of Sindh-Jamshoro)

  • Ali Hassan HALEPOTO

    (Shah Abdul Latif University Khairpur Mirs)

  • Faiz.M.SHAIKH

    (SZABAC-Dokri-Larkana-Sindh-Pakistan)

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    Abstract

    This research investigates the forecasting producer’s Harvest prices of Wheat in Pakistan. Data were collected from 2004-2009 from various secondary sources. It was revealed that producers price expectation range from Rs.300 to Rs. 400 per season. Produces price distributions were skewed towards higher prices, and they consistently underestimated the profitability of large variation in the prices of wheat harvest. It was revealed that farmers forecast about wheat prices always negative correlated and prices are uncertain in Pakistan. It was further revealed that farmers perception regarding wheat prices always not successes because of the political and other factors.

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    Bibliographic Info

    Article provided by Romanian Statistical Review in its journal Romanian Statistical Review.

    Volume (Year): 61 (2013)
    Issue (Month): 8 (September)
    Pages: 71-75

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    Handle: RePEc:rsr:journl:v:61:y:2013:i:8:p:71-75

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    Keywords: Forecasting; Producers; Prices; Wheat;

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    1. Askari, Hossein & Cummings, John Thomas, 1977. "Estimating Agricultural Supply Response with the Nerlove Model: A Survey," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 257-92, June.
    2. M. Jaforullah, 1993. "Asymmetric Agricultural Supply Response: Evidence From Bangladesh Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 44(3), pages 490-495.
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