Year: 2015 | Month: December | Volume 1 | Issue 1
Estimation of Demand and Supply Functions and Destination of Export of Basmati Rice from India
Shailza
Latika Sharma and S.S. Burark
DOI:Coming Soon
Abstract:
India possesses an immense wealth of Basmati and non-Basmati aromatic rice varieties exhibiting a wide variability in their grain quality and cooking characteristics. India is a major producer of basmati rice and accounts for almost 70% of the world production and nearly two-third of the country’s produce is exported. In the present study, estimation of demand and supply function of export of basmati rice along with destination wise pattern of export has been done on the basis of secondary data for the period of 2001-2011. Demand and supply functions were estimated by the simultaneous equation model: two stage least square method. Saudi Arabia and Italy were the leading importers of basmati rice from India during the last one decade. Export supply of Indian basmati rice was mainly on the basis of long-term contracts with the importing countries.
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