Trade Performance of Indian Sugar
Asian Resonance(P: ISSN No. 0976-8602 RNI No.UPENG/2012/42622 VOL.-8, ISSUE-2,(Part-1) April 2019 E: ISSN No. 2349-9443)
Abstract
Student, Dept. of Agricultural Economics and Statistics, College of Agriculture, Nagpur, Maharashtra, India
N.V. Shende
Professor, Dept. of Agricultural Economics and Statistics, College of Agriculture, Nagpur, Maharashtra, India
Sugar is one of the most important commodity produced and consumed around the world. The secondary time series data for the last 20 years i.e. (1997-2017) regarding export and import were collected from various websites were IndiaAgristat, FAO STAT and ISMA. The entire 20 years was equally divided into two periods i.e. period I (1997- 2007) and period II (2007-2017). The following specific objective was considered to accomplish the study: Growth and instability in export and import of Indian sugar, export competitiveness of sugar in India and factors influencing sugar export from India. The study indicates that the export of sugar has shown a positive and significant growth for the entire study period.The import of sugar has shown a positive and significant only for import quantity of period II (69.97 per cent per year). The CGR of import quantity and value for period I (-27.93 per cent per annum and - 24.52 per cent per annum) was negative and non-significant. High instability was found in import than in export of sugar during the whole study period. The NPC value of sugar was found greater than unity (1.14) indicates that the sugar is protected and effective incentives were given to producers, which shows sugar is not competitive. Sugar export was observed to be affected by two factors i.e. export price and exchange rate.
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