This paper examines the extent to which changes in global agricultural commodity price are transmitted to domestic prices in India and China. The focus is on short and medium-run adjustment processes using an error correction specification. In particular, we show that the extent of adjustment in...

This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian agricultural sector. We distinguish between positive and negative rainfall shocks and explicitly consider their spatial dimension (local/regional). We find that particularly negative...

The present study is in the context of the newModel Agricultural Produce Market Committee (APMC)Act 2003, which aims at freedom of farmers to sell their products to the large private firms and bringing reforms in the wholesale Cash and Carry and retail markets in India. The most important...

The Indian government has provided large subsidies to stimulate the take-off of the cold storage sector. However, the impact of this policy is not well understood. In a case study of the potato sector in Bihar, we find that there have been dramatic increases and rapid up-scaling of cold...

This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian agricultural sector. We distinguish between positive and negative rainfall shocks and explicitly consider their spatial dimension (local/regional). We find that particularly negative...

Inflation in general and food price inflation in particular has been a persistent problem in India over the past few years. Price stability is crucial for sustainable growth as persistent inflation implies higher demand relative to supply. Therefore, we analyse here demand and supply of food in...

In this paper, we have tried to show that how a strategic move from large capital or corporate traders of agriculture commodities, including food processing firms, retailers, wholesalers affecting and changing the preferences of the small capital regional or local traders of agriculture...

Most studies on rational response of rice producers in less developed countries(LDCs) assume risk–neutrality. However, the role of risk in producer decision making has been recognised as an important determinant of production. It has been shown that competitive risk–averse firms produce a...

Market integration is an important determinant of responsiveness and behavior of the markets needed to formulate price policies. Indian wholesale milk markets are correlated with varying degrees of integration. Paper uses monthly wholesale prices of milk for the period from April 1997 to...

Potato is the fourth major food crop after rice, wheat and maize in Bihar. It occupies less than 5% of net sown area with production only 4th after rice, wheat and maize. Potato a short duration crop has special significance since it gives exceptionally high yields/unit area/unit time and has...