IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Determinants of Price in World Wheat Markets-Hidden Lessons for Indian Policy Makers?

Listed author(s):
  • C. S. C. Sekhar

    (Agricultural Economics Research Centre, Delhi School of Economics Campus, University of Delhi, Delhi-110007)

This paper is an attempt to trace the likely implications of agricultural trade liberalization for India through the linkage between domestic and international markets, in the backdrop of price formation mechanism in world wheat markets. The analysis is carried out in a structural modeling framework using a two-sector simultaneous equations model. The simulation results highlight the rigidity in supply-response of Indian farmers to higher world prices, possibly due to supply constraints imposed by non-price factors. The exports are likely to increase and imports show a likely decline. The stagnant domestic production combined with increased exports, decreased imports and rising population is likely to result in a decline in percapita net availability of wheat in domestic market leading to an increase in domestic prices about 8.5% per annum in nominal terms- after liberalization. The policy implications of the study include gradual liberalization of trade in case of important commodities like wheat while maintaining the current buffer stock policy for some time, investment in capital formation and reforms in price policy.

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Article provided by Department of Economics, Delhi School of Economics in its journal Indian Economic Review.

Volume (Year): 38 (2003)
Issue (Month): 2 (July)
Pages: 167-187

in new window

Handle: RePEc:dse:indecr:v:38:y:2003:i:2:p:167-187
Contact details of provider: Postal:
University of Delhi, Delhi 110 007

Phone: 91-11-2766-6533/34/35, 2766-6703/04/05
Fax: +91-11-7667159
Web page:

More information through EDIRC

Order Information: Web: Email:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:dse:indecr:v:38:y:2003:i:2:p:167-187. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pami Dua)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.