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Variation in Demand, Supply and Market Price of Different Genotypes of Gladiolus Flower Available on Bangladesh

M D Hossain*
Department of Agribusiness, Atish Dipankar University of Science and Technology, Banani, Dhaka-1213, Bangladesh

M S R Bhuiyan
Department of Genetics and Plant Breeding, Sher-e-Bangla Agricultural University, Dhaka-1207, Bangladesh

M S Hossain
Department of Genetics and Plant Breeding, Sher-e-Bangla Agricultural University, Dhaka-1207, Bangladesh

D N R Paul
Department of Business Administration, Uttara University, Dhaka, Bangladesh

M Z Ullah
Copnsultant, AVRDC-The World Vegetable Center, Jessore, Bangladesh

Abstract/ Executive Summary:

The present experiment was carried out at the flower central market Agargaon and Shahbag, Dhaka during the period from November 2013 to October 2014 to investigate the market demand, supply and price of different genotypes of gladiolus flower. The experiment included five gladiolus genotypes. Data were collected from different wholesalers and farmers. The results indicated that the existence of wide variability among the genotypes on their market demand, supply and price of different genotypes of gladiolus flower. These indicators were varied among different month of the year, different days of the week and different special days of the year. The highest demand was observed in February (100%) and the lowest was in July (70%). The highest supply was observed in February (112%) while the lowest was in June and July (58%). The average highest price of gladiolus flower was observed in August (Tk. 11.40) and the lowest price was observed in March (Tk. 4.90). The highest and lowest price of different genotypes of gladiolus flower was ranged from Tk. 2.00 to Tk. 16.00 stick^-1 . The white genotype had the highest price Tk. 16.00 stick^-1 while the orange genotype had the lowest price Tk. 2.00 stick^-1 . There was significant positive correlation between demand and supply (0.96). The price was negatively correlated with supply (-0.94).

Keywords: Gladiolus, Genotype, Demand, Supply, Price.

Location: Central flower market Agargaon and Shahbag, Dhaka

Start Date: 00-11-2013

End Date: 00-10-2014

Program Area: Socio-economic and Policy

Commodity: Gladiolus

Objectives:

The present study was done to achieve the following specific objectives: a) Know the demand, supply and price of different gladiolus flower genotype; b) Know the variation in demand, supply and price of gladiolus flower genotype; and c) Find out the suitable gladiolus genotype for commercial cultivation.

Methodology:

The present experiment was conducted at central flower market Agargaon and Shahbag, Dhaka during the period from November 2013 to October 2014 to investigate the demand, supply, and market price of different gladiolus genotypes in different months of the year, different days of the week, and different special days such as Valentine’s Day, Bengali New Year, and National Independent day etc. of the year. The experiment included five gladiolus genotypes namely white, yellow, orange, violet and red. All data were collected from 25 wholesalers and 25 farmers who come to sell their own produced flower. Thus total sample size was 50. The study was based on the survey method of data collection. Demand of gladiolus flower was determined by intensive market survey considering 100% base line for demand and supply. Samples were randomly selected to meet the objectives of the study. According to the objectives of the study two sets of interview schedules were prepared one for the wholesalers and one for the farmers. During data collection the objectives of the study were clearly explained to the respondents. Majority of the study is based on primary data. The primary data for the present study from the selected respondents were collected through direct face to face interview. Among the wholesalers present in the market, 10 wholesalers were randomly selected from Agargaon and 15 were selected from Shahbag flower market. On the other hand, among the farmers present in the market, 10 farmers were randomly selected from Agargaon and 15 were selected from Shahbag flower market. A detail questionnaire was formulated for collecting data. The questionnaire is distributed among randomly chosen respondent. Primary data were collected by direct interview to the targeted respondents. Some secondary data were used in this study. Secondary Data were collected from books, published documents, survey reports, online journals and article. The analysis was done with both quantitative and qualitative procedure. MS-Excel was used as the software for quantitative analysis. The recorded data on different parameters were statistically analyzed. The mean of collected data for the treatments was calculated and correlation and regression analysis were performed to determine the market behavior of demand and supply and their effect on the market price.

Source of Information: J. Sylhet Agril. Univ. 2(2):275-281, 2015 ISSN: 2308-1597

Article Link (Online Journal):

Funding Source:

Budget:

Total Budget (Tk.) :

Achievement/Findings:

The findings of the experiment indicated that the demand, supply and price of gladiolus flower varied in different month of the year, different days of the week and different special days (viz. 31th December, 16th December, 26th March, Pahela Baishakh, Valentine’s Day, 21th February, etc.) of the year. When the supply superseded the demand, the price decrease significantly because of the huge supply of gladiolus flower.

Knowledge Management: Journal