Tackling the Price Volatility in Agricultural Markets

Pynbianglang Kharumnuid* and NK Pandey

Division of Social Sciences, ICAR-Central Potato Research Institute, Shimla (HP), India

*Corresponding Author: Pynbianglang Kharumnuid, Division of Social Sciences, ICAR-Central Potato Research Institute, Shimla (HP), India.

Received: July 15, 2022; Published: March 03, 2023

Abstract

The price volatility of agricultural commodities poses widespread uncertainty among farmers and consumers, especially in developing countries like India, and is continuing to be the major challenge among the researchers and policy makers because of its devastating effects on sustainable farming, particularly the small and marginal farmers and food and nutritional security, particularly the poor consumers. Moreover, India is predominantly an agriculture-based country in which agriculture and allied activities contributes about 17 percent to the country’s GVA and provides employment to about 55 percent of the population. On one hand, the consumers want low affordable price of the produce, whereas the farmers want high and remunerative price. Therefore, the government is continuously facing the problem of achieving its twin objectives of ensuring remunerative prices for farmers and affordable prices for consumers.

References

Citation

Citation: Pynbianglang Kharumnuid and NK Pandey. “Tackling the Price Volatility in Agricultural Markets". Acta Scientific Agriculture 7.4 (2023): 13-14.

Copyright

Copyright: © 2023 Pynbianglang Kharumnuid and NK Pandey. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.