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Inter Commodity Price Linkages in India: A Case of Foodgrains, Oilseeds and Edible Oils

Parmod Kumar
국제학연구소 (The Keimyung Institute for International Studies)|2006.06|Journal of International and Area Studies|제13권 제1호|pp. 103-126|DOI 10.23071/jias.2006.13.1.103

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주제분류정치외교학

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Abstract

The main objective of this paper is to analyze the nature of price inter-linkages among four commodity complexes, namely cereals, pulses, oil seeds and edible oils. The co-integration and error-correction analysis in the case of cereals led to the conclusion that there was a unique relationship among wheat, rice and spiked millet while great millet, maize, barley and finger millet did not belong to the cereals common market. Among pulses, lentil, green gram and Bengal gram constituted a single common market. In the case of oilseeds, only groundnut, mustard, sunflower and soybean belonged to the common market. In edible oils, groundnut, rape-seed-mustard and coconut formed a common market in the long run. In the late 1990’s, prices of oilseeds drifted away from the long-run equilibrium path because of a short period disturbance in the oilseeds market. However, the drift was not visible in the case of edible oils plausibly because of the presence of imported edible oils. The diversions were least for cereals and to some extent for pulses, evidently because of the cushion available in terms of procurement and minimum support price policy of Government of India in their cases.

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관련 논문AI추천

AGRICULTURAL POLICY REFORMS AND SPATIAL INTEGRATION OF FOOD GRAIN MARKETS IN INDIAMADHUSUDAN GHOSH경제연구소 · Journal of Economic Development2011 · 제36권 제2호Price Transmission Channels of Energy and Exchange Rate on Food Sector: A Disaggregated Approach based on Stage of Process구원회, 권대흠재단법인 에너지경제연구원 · 에너지경제연구2013 · 제12권 제1호Forecasting Volatility In Indian Agri‐Commodities MarketGITAM University, G. Naresh, S. Thiyagarajan사람과세계경영학회 · Global Business and Finance Review2015 · 제20권 제1호Cointegration Analysis of Rural Wheat Markets in Northern BangladeshEleni Papadopoulou, Mohammad Ismail Hossain, Mst. Esmat Ara Begum정석물류통상연구원 · Journal of International Logistics and Trade2011 · 제9권 제2호The Inter sectoral Linkage in the Economic Development of India오정훈, Paththinige Priyantha Lalanie인문사회과학연구소 · 인문사회과학연구2020 · 제21권 제4호AN ERROR-CORRECTION ANALYSIS OF INDIA-US TRADE FLOWSAviral Kumar Tiwari경제연구소 · Journal of Economic Development2012 · 제37권 제1호

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