Time series analysis of egg prices in various market centres of India

Abstract

The study was undertaken to analyse the trend and seasonality of egg prices in various market centres of India. Secondary data on egg prices for the 28 market centres were collected from the website of National Egg Co-ordination Committee for a period of January 2013 to May 2024. The centred moving average method and linear trend equation model were employed to draw conclusions regarding price index, seasonal variation of egg prices and price trend. When analysed the egg price was minimum during the month of April and maximum in December. The pattern of seasonality was observed to be biphasic in a year. The seasonality in egg prices was found to exist irrespective of the locations of egg markets in India. The egg prices were observed to be higher during Monsoon and Winter seasons and lower during summer season. The intercept values of the fitted egg price trend equation of various market centres ranged from 276.07 paise to 321.58 paise and their slope ranged from 1.30 to 1.62.