TRADE PERFORMANCE OF INDIA SUGAR.
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Date
2019-07-08
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Dr. Punjabrao Deshmukh Krishi Vidyapeeth, Akola, Maharashtra.
Abstract
Sugar is derived mainly from sugarcane and sugar beet. Sugar is one of the most important commodity produced and consumed around the world. The present study explores the growth and performance of export and import of sugar in India. The secondary time series data for the last 20 years i.e. (1997-2017) regarding export and import were collected from various websites were India Agristat, 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 objectives were 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 collected data were analysed with the help of statistical tools like CGR, CV, NPC and factors affecting export of sugar (Cobb-Douglas) in order to fulfil the objective of the study. The study indicates that the export of sugar has shown a positive and significant growth for the entire study period for export quantity (22.79 per cent per annum) and value (16.72 per cent per annum) but in period II of export value has shown negative growth (-4.98 per cent per annum).The import of sugar has shown a positive and significant only for import quantity of period II (69.97 per cent per annum). 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 highest instability was found in import value with 129.57 per cent. 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, when it was analysed for the two different period in period I and period II, it was observed during the period I with average NPC value 1.12 while the period II was worked out to 1.16 which shows sugar is not competitive. Sugar export was observed to be affected by two factors i.e. export price and exchange rate.Thus, the study concluded that Indian sugar export are not competitive in world market, Hence there is need to increase the production of sugar, maintain sanitization and standardization which will ultimately increase the demand for Indian sugar in global market and will also improve the international price of sugar.
Description
The compound growth rates for area, production,productivity,export quantity andexport value of sugar were positive and significant during the overall periods of the study at one and five per cent level and in import quantity and value was 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 indicates that the sugar is protected and effective incentives were given to producers, which shows sugar is not competitive in global market. The factors affecting export of sugar was analyzed by using Cobb-Douglas export function showed that sugar export was affecting by export price and exchange rate.
Keywords
Demand, economic analysis, prices, profit.
Citation
Ku. AMOOLYA, S. N. (2019). TRADE PERFORMANCEOF INDIA SUGAR. Department of agricultural economics and statistics, Nagpur. Dr. Panjabrao Deshmukh Krishi Vidyapeeth, Akola. M. Sc. 2019. Print. xi, 69p. (Unpublished).