Research Article
Volume 6 Issue 5 - 2020
Trading Signals in Overseas Markets for Indian Legumes during WTO Regime: Foreign Trade Research and Policies
MB Dastagiri1*, PV Naga Sindhuja2 and Y Praneetha22
1Principal Scientist, ICAR-National Academy of Agricultural Research Management, Rajendranagar, Hyderabad, India
2Young Professional, ICAR-NAARM, Rajendranagar, Hyderabad, India
*Corresponding Author: MB Dastagiri, Principal Scientist, ICAR-National Academy of Agricultural Research Management, Rajendranagar, Hyderabad, India.
Received: March 28, 2020; Published: April 20, 2020




Abstract

India is the largest consumer, producer and importer of pulses such as 27% of global consumption, 25% of global production and 14% imports of pulses in the world. The study period is from 1990-91 to 2017-18. The selected legumes were beans, chickpea, lentils and peas. APEDA, FAO STAT, CMIE, DGCIS and Agricultural Statistics at a glance 2018 were the secondary data sources. The current study analysed the growth rate, elasticity and instability of export quantity, prices of selected legumes and their export destinations in the Indian and global market. The study found that Indian peas have more demand in overseas market. Export price of chickpea was more than other legumes in India. The export prices of Indian legumes were stable. India should export their beans to Brazil, China and Australia for making profits in the international market as the stability of prices associated with the highest growth rate. India exported more quantity of chickpea to Canada followed by Argentina and USA. Export price of chickpea was more in Mexico, Australia and Argentina. Canada, Mexico, Ethiopia and UAE were stable in export quantity of chickpea. India should expand lentils exports by making appropriate strategies in global markets because some of the exporting countries realized instability of export prices. The export price of beans, chickpea and peas were stable in all countries. Indian legumes should export to the highly demanded countries such as Argentina, Canada and USA in an overseas market. The major destinations are Brazil, Japan and UK for beans; Pakistan, Bangladesh and Spain for chickpea; Turkey, Sri Lanka and Bangladesh for lentils; and China, Belgium and Bangladesh for peas. The research assists in planning price policies and schemes of pulse for enhancing exports and foreign earnings for legume crops across the globe. India should adopt multi strategies to enhance the production and marketing of legumes. India should seek for new developed markets for the legume crops.

Keywords:CAGR; Elasticities; Legumes; Trading Signals; Destinations; Trade Policy; India and Multispeed World

References

  1. Government of India, Agricultural Statistics at a glance, Directorate of Economics and Statistics, Department of Agriculture, Co-operation and Farmers Welfare, Ministry of Agriculture and Farmers welfare.
  2. Government of India, Agricultural and Processed Food Products Export Development Authority (APEDA), Ministry of commerce and industry.
  3. Rawal V and Navarro DK. “The Global Economy of Pulses”. Rome, Food and Agriculture Organization of the United Nations (2019).
  4. Poornima Varma. “Production, Markets and Trade: A Detailed Analysis of Factors Affecting Pulses Production in India”. Centre for Management in Agriculture, Indian Institute of Management, Ahmedabad (2019).
  5. Rajendran R and Thamilmani R. “Export and Import of Pulses from India and their Economic Impacts”. Central Research Institute for Dryland Agriculture (2007).
  6. “Remove curbs on peas, urad imports to meet shortage of pulses”. News, Indian Pulses Grains Association (2020).
  7. Gujarati DN and Sangeetha. “Basic Econometrics”. Tata McGraw-Hill, New Delhi (2007).
  8. Government of India, “Directorate General of Commercial Intelligence and Statistics”. Ministry of Commerce and Industry.
  9. Food and Agriculture Organization of the United Nations.
  10. Centre for Monitoring Indian Economy Pvt. Ltd.
Citation: MB Dastagiri., et al. “Trading Signals in Overseas Markets for Indian Legumes during WTO Regime: Foreign Trade Research and Policies”. EC Agriculture 6.5 (2020): 50-62.

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