Indian castor oil exports concentration- a perspective
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Indian castor oil exports concentration- a perspective
Authors
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N SANDRA
1 Indira Gandhi Krishi Vishwavidyalaya, Raipur, Chhattisgarh 2 ICAR-Indian Institute of Oilseeds Research, Hyderabad
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C SARADA
1 Indira Gandhi Krishi Vishwavidyalaya, Raipur, Chhattisgarh 2 ICAR-Indian Institute of Oilseeds Research, Hyderabad
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N K CHAURE
1 Indira Gandhi Krishi Vishwavidyalaya, Raipur, Chhattisgarh 2 ICAR-Indian Institute of Oilseeds Research, Hyderabad
Keywords:
Diversification, geographic concentration, Herfindahl-Hirschman IndexAbstract
India is the global leader and ranks first in production with almost 87 percent of world’s share as well as in
exports of castor oil with a share of 86.8 percent of world’strade (2018-19) and the export is valued at ` 5658 crores. Geographic concentration was analyzed using Herfindahl-Hirschman Index (HHI). It showed that the exports are highly concentrated ranging from 2032 to 2584 for the last eight years except for the year 2014-15 when it was 1668 (moderate concentration).The analysisrevealed thatthe castor oil export destinations are highlyconcentrated to only 10 countries. However, diversification of markets is always desirable
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References
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