INDIAN DOMESTIC PRICES AND EXPORT OF AGRICULTURAL COMMODITIES

J K Sachdeva ()

International Trade from EconWPA

Abstract: Some economists, who favoured free trade, had predicted that world prices would rise after UR agreement and with establishment of WTO, but the factual position is quite different. Since 1995, world whole sale prices of commodities are falling at the rate ranging 1 to 17%. Secondly Indian commodity prices are rising at the rate of 1 to 7% . Minimum support price given to some commodities is rising at the rate of 5-7%. The trend growth of agricultural commodities prices appear to be same as rupee devaluation. As the rupee depreciates, the domestic whole sale prices are appreciating, this in turn affects our competitiveness. Price rise equivalent to the rate of rupee depreciation cannot be ignored.

Keywords: agricultural economics; international trade (search for similar items in EconPapers)
JEL-codes: J10 (search for similar items in EconPapers)
Date: 2003-11-25
Note: Type of Document - word doc; prepared on win98; to print on inkjet a4; pages: 28; figures: none
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