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Wastage Schedule (Onion) Sl.No. Price Per Kg. Quantity sold in the Quantity of wastage Market (in Kgs.) (in Kgs.) 1. 80.00 1000 10 2. 60.00 1300 15 3. 40.00 1800 20 4. 25.00 2000 25 5. 15.00 2500 40 6. 10.00 2800 60 7. 05.00 3000 100 In a hypothetical illustration, a vegetable market’s wastage at different price level is shown in the above table. At Rs.80/- per kilogram of Onion, the market wastage is only 10 kilograms and at Rs.5/- per kilogram the market wastage increases to 100 kilograms. Further, it has been noticed that the amount of Onion sold in the market at Rs.80/- per kilogram is only 1000 kilograms while the price of the onion decreases to Rs.5/- per kilogram; the quantity sold in the market was 3000 kilogram. From the above table, it is evident that when the price of the Onion was higher the quantity of onion wastage was only 10 kilograms and when the price of the Onion was lower the quantity of onion wastage was 100 kilograms. The wastage may be due to lack of quality consciousness by the consumers. When the consumers pay higher prices for the commodity they become more quality conscious and chooses the best one. Likewise the traders too will be more conscious in handling and procuring higher priced Onion as compared to lower priced season. Figure No:1 Wastage curve with units sold P r i c e & W a s t a g e N Quantity Sold Figure No:2 Wastage Curve www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 06, April-2013 Page 6
w a s t a g e Quantity Sold The above curves depicts that when the onion price was at peak; the quantity sold was lesser and when the price starts declining; the quantity sold also increases considerably. Simultaneously the wastage curve starts at opposite direction when the quantity sold was lesser at higher prices; the wastage was lower, the wastage curve rises slowly and reaches to the maximum when the price of the commodity starts declining. Establishment of Normal Wastage: 1. If we analyze the curves of units sold and wastage both intersect at a point which has been named as ‘N’. The point has reached in the market when the price of the onion was Rs.25/- per kilogram and the units sold were 2000 kilograms where both curves intersect. The intersection point suggests that the wastage at this point is considered as normal and beyond certain level the wastage becomes abnormal. A commodity should find a reasonable price in the market without any adequate wastage with fair quantity of commodity sold. 2. Normal wastage at this point is only 1.5% which is quite reasonable and acceptable. 3. Normal wastage will not pinch the traders in any way with this 1.5% of wastage on the goods sold. 4. The individual consumers also won’t mind if the normal wastage is at a minimal level. Need for establishing corporate bodies to equate the production and consumption: Case – I: In Punjab, it has been witnessed many times an over production of potato and the farmers were left at dismay because of no takers of their produce. In 2002 and 2011, the potato farmers in Punjab threw their produce on the street because they could not get even minimum price. At that time it was sold for Re.0.50 paisa per kilogram at the retail outlets. Case – II The same condition was witnessed in Tamil Nadu with regard to the production of Tomato and Mango. Recently, in the month of March 2012 the so called shallot onion fetches very lower price because of over production in Tamil Nadu. The farmers who are producing such type of commodity may not even fetch their spending per hectare. Relationship between ‘the law of wastage’ and ‘economic development of a nation’: www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 06, April-2013 Page 7
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Table of Contents Articles PERFORMA
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servicing, and the policies not mee
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The Self-Help Group members get inc
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Are female workers more productive
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For the purpose of including explan
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several different, competing logist
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Fisher, R.T. (2001), “Role stress
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A Comparative Study of NPA of State
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processes. Instead of fixing target
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Agriculture Crisis and Sustainable
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Table 1. World Cereal production ,
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Expanding biofuel production The ex
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percent of the world’s population
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OECD (Organisation for Economic Co-
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It can provide the earnings needed
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The incubator will also work toward
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factor. This is not an easy proposi
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ROLE OF LOCAL SELF GOVERNMENT IN LE
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During the last season red onion fa
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Table Mch2 Coef. Std. Err Z P>/Z/ A
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lack of capital. The local farmer o
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It may be seen that alleviation of
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Table - 2 Progress under Bharat Nir
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References Chandrasekhar, B P., et
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existing cooperative legislation, r
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1.3 THE RESEARCH QUESTIONS 1. What
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Table 2: Earnings and Cost Allocati
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have an adequate amount of capital
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programs and the union was doing on
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total assets to other key areas, it
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esponded by (7.6%) of the members.
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management; Gohe cooperatives savin
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Significance of asset quality of St
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iii) iv) Doubtful Assets:- a) Doubt
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atios and solvency ratios are taken
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Ratio of around 3% during 2007-08,
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sufficient to draw an inference in
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The observed R 2 and F statistics m
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Board Composition, Ownership Struct
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size as well. During our study it w
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standards prevailing in the country
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The procedure produces two tests of
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hoc test for pair wise comparisons
Page 88 and 89: e said that the board size affects
Page 90 and 91: high-tech small and medium-sized en
Page 92 and 93: Table no.8 - Multiple Comparisons T
Page 94 and 95: Abstract Corporate Social Responsib
Page 96 and 97: the participation of various level
Page 98 and 99: Supplier Relations As stakeholders
Page 100 and 101: CSR initiatives of companies should
Page 102 and 103: Corporate Social Responsibility Pra
Page 104 and 105: 2011, this district received surplu
Page 106 and 107: In the case of marginal farmers and
Page 108 and 109: Findings From the above analysis it
Page 110 and 111: 2. Innovation: Meaning and Dimensio
Page 112 and 113: data appropriately. Inferences were
Page 114 and 115: The regression analyses as shown in
Page 116 and 117: Role of Self-help Group in Socio-ec
Page 118 and 119: 10% for women and men respectively
Page 120 and 121: MoRD has been constantly reviewing
Page 122 and 123: 76.6% units were found to be existi
Page 124 and 125: 10.Timely release of adequate loans
Page 126 and 127: Standard of living of Rural Fisher
Page 128 and 129: Table 1 denotes the infrastructure
Page 130 and 131: FISHING METHODS USED BY DIFFERENT A
Page 132 and 133: CONCLUSION Most of the fisher folk
Page 134 and 135: Objectives: The following objective
Page 136 and 137: Policies of the Government will hav
Page 140 and 141: At the end of 2008 the entire world
Page 142: Conclusion: 9. The inflation can be
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