EconPapers    
Economics at your fingertips  
 

Impact of Globalization on Production and Export of Turmeric in India – An Economic Analysis

S. Angles, A. Sundar and M. Chinnadurai

Agricultural Economics Research Review, 2011, vol. 24, issue 2

Abstract: India is a major supplier of turmeric to the world with more than 60 per cent share in turmeric trade. The production and export performance of turmeric in India have been examined using secondary data for the period from 1974-75 to 2007-08 and exponential form of growth function has been used for the analysis. The growth in production and export of turmeric has been reported significant, because of the high demand coupled with inflation. Instability index has been worked for the production and export for preliberalization and post-liberalization periods. Instability has been observed high for production, export and prices of domestic and international markets and domestic and international prices have shown high integration. For the assessment of direction of trade, the Markov chain model has been used. The data regarding country-wise export of turmeric has shown that the previous export share retention for Indian turmeric has been high in minor importing countries (pooled under others category) (87 %), followed by UAE (49 %), Iran (41 %) and UK (35 %). The countries such as USA and Japan have not been the stable importers of Indian turmeric. The plans for export may be oriented towards these two countries and also plans should be formulated for stabilizing the export of turmeric to other countries. The farmers should be provided training on production of a quality product.

Keywords: Turmeric; Export of turmeric; Indian turmeric; Markov chain model; Agricultural and Food Policy; Q13; Q17 (search for similar items in EconPapers)
Date: 2011
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://purl.umn.edu/119383 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aerrae:119383

Access Statistics for this article

More articles in Agricultural Economics Research Review from Agricultural Economics Research Association (India) Contact information at EDIRC.
Series data maintained by AgEcon Search ().

 
Page updated 2018-02-15
Handle: RePEc:ags:aerrae:119383