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Vulnerability of the Indian cashew market to global price shocks

Indian Agricultural Research Journals

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Title Vulnerability of the Indian cashew market to global price shocks
 
Creator Shripad Bhat
Dinesh Kumar
Shiv Kumar
Kiran Kumara T M
H Rajashekara
 
Subject Granger causality test
impulse response analysis
raw cashew nut
vector autoregressive model
 
Description The Indian cashew sector is grappling with a severe crisis as numerous processing industries have closed down due to losses and heightened global competition. In this context, we assess the vulnerability of the sector to global price shocks by examining the direction and dynamics of price transmission among import price, domestic price and export price of cashew in India, based on 15 years of data, employing the vector autoregressive model. Results indicate that the import price had positive and immediate effects on both the domestic price and export price of Indian cashew and the relationship was unidirectional, revealing the vulnerability of Indian cashew markets to global price fluctuations.
 
Publisher Agricultural Economics Research Association (India)
 
Date 2024-08-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://epubs.icar.org.in/index.php/AERR/article/view/154838
 
Source Agricultural Economics Research Review; Vol. 37 No. 1 (2024): Agricultural Economics Research Review; 79-91
0974-0279
0971-3441
 
Language eng
 
Relation https://epubs.icar.org.in/index.php/AERR/article/view/154838/55420