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Market Integration of Grain Legumes in India: The Case of the Chickpea Market

OAR@ICRISAT

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Relation http://oar.icrisat.org/6442/
 
Title Market Integration of Grain Legumes in India: The Case of the Chickpea Market
 
Creator Reddy, A A
 
Subject Chickpea
Food legumes
 
Description The present study assesses the market integration of chickpea in
India from 2003 to 2010. The month end prices of chickpea for
twelve markets in north India were used for the study. Out of twelve
markets, only three markets are cointegrated, indicating weak
integration of chickpea markets in India. However, the terminal
markets located in major consuming (Delhi) and export/import
locations (Dohad/Gujarat) clearly play an important role in price
discovery and influences other domestic markets indicating the
relevance of the import prices and large consuming centres on local
market prices. Error correction terms indicate that the adjustment
process from short-term disequilibrium in prices to long run price
equilibrium is very slow. Overall, there is evidence of weak
cointegration in the chickpea markets in North India and imports and
major consuming centres are playing an important role in price
discovery in domestic chickpea markets.
 
Publisher SAARC Agriculture Centre
 
Date 2012
 
Type Article
PeerReviewed
 
Format application/pdf
 
Language en
 
Rights —
 
Identifier http://oar.icrisat.org/6442/1/SJA%20_10_2_11-29_2012.pdf
Reddy, A A (2012) Market Integration of Grain Legumes in India: The Case of the Chickpea Market. SAARC Journal of Agriculture , 10 (2). pp. 11-29. ISSN 1682-8348