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Time-series analyses of food commodity prices in Jharkhand (July 2019 – June 2020)

Author

Listed:
  • Nidhi Kaicker
  • Raghav Gaiha
  • Radhika Aggarwal

Abstract

Covid-19 pandemic in India has had a disastrous effect on the economy. There are sharp differences in the assessments of the impact on the agricultural sector. One of the main constraints is lack of detailed data. In an attempt to understand how food supply chains are impacted, we have undertaken detailed studies of three states: Maharashtra, Jharkhand and Meghalaya. Here the focus is on Jharkhand. An aspect of food supply chains is wholesale and retail food prices. We examine these in relation to pre-pandemic levels, the divergence between them and their time varying volatility. A set of time series models are estimated to throw light on prices of rice, potato, tomato and onion in one major market centre, Ranchi. Our analysis does not suggest food price stabilisation at the prepandemic level.

Suggested Citation

  • Nidhi Kaicker & Raghav Gaiha & Radhika Aggarwal, 2020. "Time-series analyses of food commodity prices in Jharkhand (July 2019 – June 2020)," ASARC Working Papers 2020-08, The Australian National University, Australia South Asia Research Centre.
    • Handle: RePEc:pas:asarcc:2020-08
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    File URL: https://acde.crawford.anu.edu.au/sites/default/files/publication/acde_crawford_anu_edu_au/2020-11/wp2020-08.pdf
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    More about this item

    Keywords

    Covid 19; Food Supply Chains; Food Commodity Prices; Wholesale Prices; Retail Prices; Time-Series; Jharkhand;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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