Market Integration of Grain Legumes in India: The Case of the Chickpea Market
2013
a a reddy
The present study assesses the market integration of chickpea inIndia from 2003 to 2010. The month end prices of chickpea fortwelve markets in north India were used for the study. Out of twelvemarkets, only three markets are cointegrated, indicating weakintegration of chickpea markets in India. However, the terminalmarkets located in major consuming (Delhi) and export/importlocations (Dohad/Gujarat) clearly play an important role in pricediscovery and influences other domestic markets indicating therelevance of the import prices and large consuming centres on localmarket prices. Error correction terms indicate that the adjustmentprocess from short-term disequilibrium in prices to long run priceequilibrium is very slow. Overall, there is evidence of weakcointegration in the chickpea markets in North India and imports andmajor consuming centres are playing an important role in pricediscovery in domestic chickpea markets
Показать больше [+] Меньше [-]A A Reddy, 'Market Integration of Grain Legumes in India: The Case of the Chickpea Market', SAARC Journal of Agriculture, vol. 10(2), pp.11-29, SAARC Agriculture Centre, 2013
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