Integration of Oil Markets In India | Zendy

A. Aruna Kumari et al. A. Aruna Kumari et al. | Zendy

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Integration of Oil Markets In India

Author(s) -

A. Aruna Kumari et al. A. Aruna Kumari et al.

Publication year - 2017

Publication title -

international journal of agricultural science and research

Language(s) - English

Resource type - Journals

eISSN - 2321-0087

pISSN - 2250-0057

DOI - 10.24247/ijasraug20177

Subject(s) - business , agroforestry , agricultural economics , geography , economics , environmental science

The present study was undertaken to assess the market integration of oils in India. Secondary data on monthly wholesale prices were collected for the period of 24 years, i.e., from 1980-81 to 2003-04. The data were collected from Agricultural prices in India. Price series correlation and Augmented Dicky Fuller (ADF) test were used as analytical tools. The results revealed that the selected oil markets for groundnut, rapeseed and mustard, castor and sesame were well integrated at the same order and there is existence of integration of prices between the above oil markets in India. These results have important policy implications in a situation when oil markets are spatially integrated and the government was thiningk of reducing or even withdrawing its efforts to influence the price in the market.

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