Scientists of Agricultural Economics Department of College of Agriculture of Pantvarsity have forecast the price of green pea in the forthcoming season.
They forecast wholesale price of green pea in the range of `1,050 to 1,150 during Jan to Feb 2016. The forecast has been made under a project, ‘Network Project on Market Intelligence’ which is under operation in the department. The main objective of this project is to release price forecasts of selected agricultural commodities before sowing and during harvesting. The project team of Pantnagar centre under the supervision of Principle Investigator, Anil Kumar, conducted market survey of Rudrapur Regulated Market, a major market for green pea in U’khand, and analyzed the wholesale price data which prevailed for the last ten years.
The econometric analysis indicated that the wholesale price of green pea in Rudrapur market would be ranging between `1050-`1150 per quintal from Jan to Feb 2016. This forecast is based on past data and model and the actual market price may not turn out to be the same as forecasted. last year the wholesale price of green pea was `1000-1050 per quintal in the month of January-February. Scientists have advised farmers to take decision of sowing green pea according to price forecasted.