Tomato Arrival and Price Prediction of Indian Agricultural Produce Market Committee (APMC)
Main Article Content
Abstract
India is a heritage filled agriculture-dependent country. It's necessary to modernize our ancient agricultural practices by providing appropriate circumstances to the farmers. The agricultural transformation is often done via dynamic business proposition that could be a techno-economic method which can be accelerated easily. With the evident development in production technology, input supply, and infrastructure, we are able to see the upward trend in arrivals. The key constraints or factors that influence the prices within the market are due to the arrivals of the selective commodities and their competitive crops. The objectives of this paper is (i) To investigate the trend in arrivals of tomato in Kolar and Chintamanimarket, (ii) To estimate the trend in costs of tomato in Kolar and Chintamani market and (iii) To forecast the market-wise costs of tomato. The analysis reveals the fallouts of the findings: variations in the price level, the governmentnecessity to create buffer stock schemes that may facilitate to stabilize the market value of tomatoes by getting hold suppliers who merchandise once harvests square measure masses, and marketing stocks of the merchandise onto the market once suppliers square measure low. These methods needed high finish technology and infrastructure. The problem of price variations and profit variations are often restrained by tomato retailers by having appropriate inventory management skills. Therefore, to avoid overstocking of tomatoes at a time within the store. This can be attributable to the biodegradable nature of tomato and overstocking of tomato causes spoilage predominantlydue to lack of storage facilities. Henceprecise cold storage should be constructed. The big data should beused to developing tools using artificial intelligence, machine learning to enhance planning and marketing services.