Export Instability Scenario of Chilli and Cumin in India
Adarsh V. S. *
Department of Agricultural Statistics, Bidhan Chandra Krishi Viswavidyalaya, West Bengal, India.
Gowthaman T.
Department of Agricultural Statistics, Bidhan Chandra Krishi Viswavidyalaya, West Bengal, India.
Elakkiya N.
Department of Agricultural Statistics, Bidhan Chandra Krishi Viswavidyalaya, West Bengal, India.
Sathees Kumar K.
Department of Agricultural Statistics, SRM Institute of Science and Technology, Tamil Nadu, India.
*Author to whom correspondence should be addressed.
Abstract
Aims: To disclose the growth and instability under export values of chilli and cumin in India.
Place and Duration of Study: The secondary data on export pricing values obtained from the Spice Board and indiastats.com during a 30-year period (1991 to 2020).
Methodology: The growth in quantity of export of chilli and cumin was analyzed using the compound growth rate (CAGR). The Coefficient of Variation (CV), Cuddy Della Index (CDI), and Coppock's Instability Index (CII) to assess the level of export and market instability.
Results: During all three periods of study both the crops showed significant growth rates. Among the three periods, period II had comparatively higher growth rate (10.73) for chilli, while for cumin period I had higher growth rate (10.63). CV of export values showed period I was more stable (17.57 percent) and period II was the least stable (24.46) for chilli. While, in the case of cumin period I was highly instable (28.14 percent), followed by period II (18.8 percent) and period I (11.01 percent).
Conclusions: The export growth rate had a significant positive growth over the years and had a less variability in both export values of chilli and cumin from India.
Keywords: Compound growth rate, Cuddy Della index, Coppock’s instability, Chilli, cumin