Indian Domestic Prices And Export Of Agricultural Commodities
AbstractSome economists, who favoured free trade, had predicted that world prices would rise after UR agreement and with establishment of WTO, but the factual position is quite different. Since 1995, world whole sale prices of commodities are falling at the rate ranging 1 to 17%. Secondly Indian commodity prices are rising at the rate of 1 to 7% . Minimum support price given to some commodities is rising at the rate of 5-7%. The trend growth of agricultural commodities prices appear to be same as rupee devaluation. As the rupee depreciates, the domestic whole sale prices are appreciating, this in turn affects our competitiveness. Price rise equivalent to the rate of rupee depreciation cannot be ignored.
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Bibliographic InfoPaper provided by EconWPA in its series International Trade with number 0311005.
Length: 28 pages
Date of creation: 25 Nov 2003
Date of revision:
Note: Type of Document - word doc; prepared on win98; to print on inkjet a4; pages: 28; figures: none
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agricultural economics; international trade;
Find related papers by JEL classification:
- J10 - Labor and Demographic Economics - - Demographic Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-11-30 (All new papers)
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- Surabhi Mittal, 2007. "OECD Agricultural Trade Reforms Impact On India's Prces and Producer's Welfare," Working Papers id:1072, eSocialSciences.
- Surabhi Mittal, 2007. "Oecd Agricultural Trade Reforms Impact On IndiaÃ¢â‚¬â„¢s Prices And Producers Welfare," Trade Working Papers 22225, East Asian Bureau of Economic Research.
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