Market Trends and Variability in Nagarmotha Root (Cyperus scariosus) Prices: A Decadal Analysis in Madhya Pradesh Markets

This study delves into the analysis of Nagarmotha dry root (Cyperus scariosus) prices across Central Indian Market, scrutinizing two distinct periods, 2010-2014 and 2015-2021. The study aims to provide a comprehensive understanding of the pricing dynamics, encompassing mean prices, standard deviation values, coefficients of variation, and annual price changes in distinct markets, including Katni, Dhamtari, Mandla, Shivpuri, and Sheopur. Data from the MIS database on quarterly prices were collected and analyzed to discern patterns and fluctuations in the wholesale market rates of Nagarmotha roots. The analysis incorporated statistical methodologies such as simple linear regression, enabling the identification of trends and growth rates in prices across the studied period. Notably, the research highlights significant variations in prices, showcasing both upward trajectories and fluctuations across different markets, indicating evolving market dynamics and price stability in relation to mean values. Analysis of price trends reveals a consistent upward trend in all markets, indicating a prevalent pattern of price escalation over time. However, a notable variation in mean prices between the two periods suggests a substantial increase in the latter, reflecting shifting market perceptions or demand influencing the value of Nagarmotha dry roots. The comprehensive analysis serves as a valuable resource for traders, collectors, and businesses involved in the Nagarmotha market.