QUANTIFICATION OF CHANGING STRUCTURE OF INDIAN MANGO EXPORTS USING MARKOV CHAIN ANALYSIS
Journal Title: International Journal of Agriculture Sciences - Year 2016, Vol 8, Issue 60
Abstract
The India occupies top position among mango growing countries of world and produces 46 per cent of the total world mango production. India is having number of export destinations i.e. more than 50 countries but exported quantity is very low, production to export ratio is less than 1. This study is an attempt to understand change of direction of trade of Indian mangoes overseas and drawing their projections to major importing countries. Data for analysis was taken for a period of 15 years from 2000 to 2015. The Markov chain analysis was attempted to assess the transition probabilities for the major mango markets. Major mango markets were categorized as stable markets (Bangladesh, UAE, Nepal) and unstable markets (USA, UK, Saudi Arabia). There is need for improving the efficiency of production and quality in order to stabilize the markets specially the ones, which are conscious towards quality and ready to pay higher prices.
Authors and Affiliations
MOHIT SHARMA
Keywords
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