Price behaviour and species diversification across fish markets in Andhra Pradesh, India

Shyam, S Salim and Athira, N R and Stanley, Lowrane and Raju, S S (2023) Price behaviour and species diversification across fish markets in Andhra Pradesh, India. Journal of the Marine Biological Association of India, 65 (2). pp. 37-45. ISSN 2321-7898

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Abstract

The study aims to identify the fish price and trade assessment of the fish species from 12 well-structured fish markets across Andhra Pradesh, including landing centres; retail and wholesale markets from August 2019 to December 2020. A structured survey schedule tool, Fish Market Price (FMP) was used. The Seasonal Autogressive Integrated Moving Average (SARIMA) model was employed to arrive at better forecast results. The outcome of the analysis revealed that certain higher-order SARIMA models were able to parsimoniously track the dynamic behaviour of real fish prices with acceptably accurate forecasts. The average species diversity of the different markets of Andhra Pradesh was 0.76. The study revealed that the reduction in the catches and rising costs of fishing coupled with high demand in export markets resulted in a substantial increase in prices in the domestic markets across the state. The high-value fishes registered stable prices compared to the low-value species. Factors such as freshness, availability and continued positive perceptions of fish and healthy food may prove more important than price rise in determining future demand for fish and fishery products.

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