Agricultural Market Integration in India

Author: Michal Andrle and Patrick Blagrave

Volume/Issue: Volume 2020 Issue 115

Publication date: July 2020

ISBN: 9781513549163

$18.00

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Topics covered in this book

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Agribusiness , WP , market integration , market , markup , cross-market markup , markups vis-à-vis , cross-market dispersion , price integration , cross-market trade , price dispersion , cross-region price discrepancy , Agricultural commodities , Infrastructure , Agricultural sector , Transportation , Global , Price transmission , India

Also of interest

WORKING PAPERS PUBLISHED IN JUNE 2004

WORKING PAPERS PUBLISHED IN JUNE 2005

WORKING PAPERS PUBLISHED IN SEPTEMBER 2003

Summary

We assess the degree of cross-market price discrepancy (a proxy for market integration), its evolution over time, and proximate determinants, using monthly price data for 21 agricultural goods and 60 markets in India. Econometric analysis shows that cross-market price integration is positively associated with the level of transportation infrastructure, and distance between market pairs. There is no robust evidence that price integration has increased in recent years, suggesting that any positive effects of recent policy initiatives are either small, outweighed by the identified determinants of integration, or yet to come.