A Study on the Supply Chain and Market Trends of Agricultural Commodities in Tamil Nadu

Agriculture has been a cornerstone of national development since ancient times and a significant contributor to the Gross Domestic Product. However, farmers and small-scale retailers often lack awareness of demand and supply dynamics in mandis, compelling them to follow repetitive cropping patterns. Understanding intra-mandi price trends for seasonal crops is crucial to achieving profitable outcomes. This study investigates price trends for Rice in various South Indian markets to forecast price volatility and address challenges in mandi-level projections, enhancing their practical relevance. Medicinal crops, with their diverse medical and culinary applications, offer higher profit potential compared to conventional crops when their productivity is boosted. The analysis aims to identify optimal conditions for cultivating key crops such as Rice, Turmeric and Mint to maximize profits. Data from the past decade was analyzed to assess price variations and production trends, supported by statistical validation using measures like Standard Deviation, Mean, and Coefficient of Variation.