The purpose of agricultural price analysis is to examine factors that are responsible for determination of agricultural prices. It also analyses the impact of demand/ supply ratio on the change in prices of agricultural commodities and offers an in depth study of the agricultural policies and rituals of the concerned region.
Sample Agricultural Price Analysis
Agricultural Price Analysis conducted by: New York Agro Industry
Date of submission of the report: 05.02.2012
Commodity concerned: Beetroot
Crop History: Beetroot is basically a root vegetable that provides a good source of carbohydrates, proteins and vitamins. The crop is most frequently found in the Northern regions of America. Owing to its nutritional value, the crop has a big market of customers of all ages and sexes.
Market Size: the beetroot attracts a large market by dint of its food value and many merits. It is cooked in curries or even eaten raw in salads adding to its popularity in the market.
Cost Structure: the increasing demands of the crop in the market have triggered a steep rise in the price of the crop. As the commodity has developed a consumer base in every parts of the world, a huge amount of revenue is generated by its export in various other countries in exorbitant rates.
Seasons: seasonal changes alter the demand supply ratio and eventually result in fluctuation of its market prices. Natural calamities like draught, flood, earthquake, tsunami, famine also affects the price determination of the crop.
Potential Competitors: the crop now faces serious threats from other similar types of American crops that have similar traits. This also affects behavior of consumers and thereby makes a deep impact on the price graph.
Probable Solutions: cost effective newer scientific methods of farming may be adopted to ensure better quality products that would guarantee larger profits.