Department of Economics and Sociology, Punjab Agricultural University, Ludhiana, Punjab, India
Paper No. 1115
This paper has studied the direction of trade of turmeric by Markov chain analysis and has shown that Malaysia is the most stable market of turmeric, followed by USA, Bangladesh, UAE and Iran and Morocco are the most unstable importers. The estimated NPCs have indicated that the Indian turmeric was price competitive during the study period 2009 to 2010. India had enjoyed a comparative advantage in turmeric exports during the study period i.e., 2009 to 2022.
⓿ India has been traditionally recognized as a ‘land of spices’, as a wide variety of spices is grown in the country.
⓿ Turmeric is one of the oldest crops which is growing for several millennia in China and India.
⓿ Turmeric is an erect perennial crop, but it is grown as an annual crop.
Turmeric, Export competitiveness, Direction of trade, Nominal protection coefficient, Markovchain analysis and factors influencing export
