Global Price Trends of ICRISAT Mandate Crops

Rao, P P and Agbola, F W and Bhagavatula, S and Bantilan, M C S (2008) Global Price Trends of ICRISAT Mandate Crops. Documentation. International Crops Research Institute for the Semi-Arid Tropics, Patancheru, Hyderabad, Andhra Pradesh.

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The authors would like to thank Drs PS Birthal and VR Kiresur and colleagues at ICRISAT GT-IMPI for their valuable comments on an earlier draft. This brief is the outcome of the ongoing project on the Changing Competitiveness of World Chickpea Markets. The financial assistance provided by the University of Newcastle, Australia and GT MPI, ICRISAT is gratefully acknowledged.


The prices of agricultural commodities have been in the news in recent months following an increase in their real prices after three decades of falling/ relatively stable prices. Although the prices of agricultural commodities started to rise from as early as 2001, the sharpest increase occurred in the years 2006-08. The rise in prices can be attributed to a multitude of factors both on the demand and supply side, such as consecutive bad harvests in major grain producing countries leading to record low stocks; stagnant yield levels of major crops; the increase in the price of crude oil leading to a rise in price of inputs such as fertilizers; income growth and urbanization in Asian countries fuelling demand and use of cereals/oilseeds for biofuel production, among several others.

Item Type: Monograph (Documentation)
Series Name: Policy Brief No. 13
Subjects: Mandate crops > Millets
Mandate crops > Chickpea
Mandate crops > Pigeonpea
Mandate crops > Groundnut
Mandate crops > Sorghum
Others > Agriculture-Farming, Production, Technology, Economics
Depositing User: Mr Siva Shankar
Date Deposited: 18 Mar 2014 04:09
Last Modified: 18 Mar 2014 04:19
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