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Indian Journal of Pure & Applied Biosciences (IJPAB)
Year : 2021, Volume : 9, Issue : 2
First page : (77) Last page : (80)
Article doi: : http://dx.doi.org/10.18782/2582-2845.8499

Direction of Trade of Cereals from Australia

Soumya P.^1* and R.A. Yeledhalli^2
1Ph.D Scholar (Agribusiness Management), ²Professor and Head,
Department of Agribusiness Management, College of Agriculture,
University of Agricultural Sciences, Dharwad-580005
*Corresponding Author E-mail: soumyapasupuleti@gmail.com
Received: 15.11.2020 | Revised: 23.12.2020 | Accepted: 31.12.2020 

 ABSTRACT

Australia supplies a wide variety of cereals to the rest of the world. The grain (predominantly wheat and barley) markets around the world are dominated by Australian exports. This paper has studied the direction of trade of cereals by Markov chain analysis using the time series data from 2009 to 2018. The study showed that China and Philippines are the most stable markets and Japan, Indonesia, Vietnam, Republic of Korea, Malaysia and Yemen are least stable markets for export of cereals from Australia. Projections of exports were made from 2019 to 2023. The paper has found that during 2019, the major market for cereals is China (21.99%) followed by Indonesia (13.58%). The increasing share of other countries clearly showed the need to explore and exploit the market potential of other countries.

Key words: Cereals, Exports, Direction of trade, Markov chain analysis.

Full Text : PDF; Journal doi : http://dx.doi.org/10.18782

Cite this article: Soumya, P., & Yeledhalli, R. A. (2021). Direction of Trade of Cereals from Australia, Ind. J. Pure App. Biosci. 9(2), 77-80. doi: http://dx.doi.org/10.18782/2582-2845.8499