Price Movements for Rice and Wheat: A Structuralist Policy Perspective

K U Gopakumar and Vishwanath Pandit ()

Working Papers from eSocialSciences

Abstract: This paper examines the price movements in rice and wheat, following structuralist principles emphasizing the necessity of long term solutions in combination with short and medium term management. However, unlike completely free systems, markets for these products are characterized by government interventions, calling for a slightly different approach under which interactions of demand and supply need to incorporate government interventions by way of minimum support price and procurement. The sample for this study consists of the period, 1980-81 through 2011-12 on an annual basis.

Keywords: Food grain inflation; demand and supply management; procurement; minimum support prices; capital stock; products; markets; rice; wheat; economy (search for similar items in EconPapers)
Date: 2014-12
Note: Institutional Papers
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Citations: View citations in EconPapers (1)

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