Crop Size Fixation Shields Price Volatility Syndrome: Analysis of Some Commercial Crops in India


Published On: 2022-03-24 16:29:10

Price: ₹ 500



Author: K. Viswanatha Reddy and D. Damodar Reddy

Author Address: Scientist, and Director, ICAR-Central Tobacco Research Institute, Rajahmundry-533105 (Andhra Pradesh)

Keywords: Crop size, exports, price, shield, syndrome, volatility.

JEL Codes: C40, Q13, Q18.


Abstract

Prices of agricultural commodities like onion and chilli showed a high degree of volatility, which created a crisis like situation drawing attention from the policymakers, researchers, and farmers. An attempt was made to analyze the dynamics of production, price and export between regulated and unregulated crops. Results revealed that production variability was high in onion and chilli and low in FCV tobacco. The stability index for FCV tobacco price was high (0.90), while it was low for prices of onion (0.41) and chilli (0.59). The stability index for the export of FCV tobacco was high (0.81), while it was low for onion (0.31) and chilli (0.52). Thus, crop size fixation, a unique regulatory apparatus, is a potential instrument to shield the price volatility syndrome and stabilize exports.


Description

Indian Journal of Economics and Development
Volume 18 No. 1, 2022, 148-155

DOI: https://doi.org/10.35716/IJED/21213
NAAS Score: 5.15
Indexed in Clarivate Analytics (ESCI) of WoS
Indexed in Scopus
UGC Approved