ABSTRACT:
Bakuchi (Psoralea corylifolia) is a leguminous herb widely used in traditional medicine. Native to China and South Africa, it is prevalent in Indian semi-arid regions. The plant, cultivated in sub-tropical climates, yields seeds used for skin ailments. The study explores the wholesale market trends of Bakuchi in two regional markets Katni in Madhya Pradesh and Dhamtari in Chhattisgarh. Primary data from Market Information Service quarterly surveys and trader interviews were undertaken. The study reveals regional price variations. Statistical tools like linear regression, coefficient of variation, and annual changes delineate price movements and market-specific variations in Bakuchi prices. In 2010-2014, Katni averaged Rs. 3112/qtl (CV: 37.15%), and Dhamtari averaged Rs. 3832/qtl (CV: 27.35%). In 2015-2021, prices rose to Rs. 4830/qtl in Katni (CV: 23.87%) and Rs. 5246/qtl in Dhamtari (CV: 18.86%), with reduced variability. Katni experienced fluctuating prices, hitting a peak of Rs. 7250/qtl in 2021, while Dhamtari showed a consistent upward trend reaching Rs. 7160/qtl. Both regions experienced significant annual price fluctuations. This analysis serves valuable to assist stakeholders, traders and policy makers in understanding the economics, pricing patterns and market behaviour of Bakuchi trading.
Cite this article:
Pratibha Bhatnagar, Rajesh Barman. Price Analysis of Bakuchi (Psoralea corylifolia) in Regional Markets of Central India: Katni and Dhamtari. Research Journal of Pharmacognosy and Phytochemistry. 2024; 16(2):95-8. doi: 10.52711/0975-4385.2024.00018
Cite(Electronic):
Pratibha Bhatnagar, Rajesh Barman. Price Analysis of Bakuchi (Psoralea corylifolia) in Regional Markets of Central India: Katni and Dhamtari. Research Journal of Pharmacognosy and Phytochemistry. 2024; 16(2):95-8. doi: 10.52711/0975-4385.2024.00018 Available on: https://rjpponline.org/AbstractView.aspx?PID=2024-16-2-7
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