Export Ecosystem of Oilseeds in India: Performance, Competitiveness, and Future Projections of Oilseed Demand
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Key Points
Mustard seed exports improved by 17.79% despite soybean trade deficit, indicating a shifting export landscape.
Analysis over 10 years indicated steady growth in India's oilseed sector, focusing on soybean and mustard seed markets.
Utilizing the Markov Chain method, findings highlight substantial trade retention rates for mustard seed and soybean exports.
Strengthening relationships with key markets like the USA and Malaysia could enhance global competitiveness in oilseed exports.
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Implication
Analysis using Markov Chain indicates soybean exports declined, while mustard seed exports improved in India, suggesting a need for better trade strategies.