ISSN

2321-5763 (Online)
0976-495X (Print)


Author(s): Shireen Rosario, CA Reginald Rosario

Email(s): srosario@du.edu.om , reggie0609@msn.com

DOI: 10.5958/2321-5763.2018.00140.3   

Address: Ms. Shireen Rosario1, CA Reginald Rosario2
1Lecturer, Department of Accounting and Finance, College of Commerce and Business Administration,
Dhofar University, PB 509, Salalah-211, Sultanate of Oman
2CA Reginald Rosario, General Manager, Al Haq Trading LLC, PB 647, Salalah - 211, Sultanate of Oman
*Corresponding Author

Published In:   Volume - 9,      Issue - 2,     Year - 2018


ABSTRACT:
As in the case of any other mineral, the prices of gypsum also are prone to fluctuations in the short as well as long run. These fluctuations, if long drawn, can severely affect the operating margins of the raw gypsum exporting firms. The Government of Oman introduced wef January 2017, a price floor of US$ 12.50 per ton of raw gypsum exported out of the country. By analyzing the reasons for the downward slide in the pricing of gypsum in Oman for the period 2010 to 2016 and with the help of break even analysis, this paper tries to find the relevance of the pricing floor introduced by the government to the local raw gypsum industry. It is observed from the study that the price of raw gypsum exported out of Oman has been coming down over the years. The rise in production of raw gypsum in Oman, the increase of the number of mining companies in the trade and rise in the export of gypsum from The Islamic Republic of Iran have contributed to this fall in the prices. It is also observed that, with the introduction of price floor in Oman, the local exporters of raw gypsum would be in a position to achieve operating profits, which was becoming increasingly difficult with the falling prices. The study will be useful to the gypsum mining companies in Oman to clearly appreciate the reasons for the downward slide of gypsum prices. Public Authority for Mining in Oman may refer to this in framing rules and regulations. The paper would give an overview to the financial institutions who support the gypsum industry in short/long term funding. Government Agencies like the Ministry of Finance may look at this in formulating the future course of action regarding the commerce and industry in Oman.


Cite this article:
Shireen Rosario, CA Reginald Rosario. Relevance of Pricing Floor for Gypsum - A Case Study of Oman. Asian Journal of Management. 2018; 9(2):885-890. doi: 10.5958/2321-5763.2018.00140.3


Recomonded Articles:

Author(s): Dibyendu Bikash Datta, Sinjini Mukherjee, Trisha Banerjee, Pameli Das, Neha Mundhra, Aditya Narayan Divya

DOI: 10.5958/2321-5763.2017.00033.6         Access: Open Access Read More

Author(s): Rakesh M, Janet Jyothi D Souza

DOI: 10.5958/2321-5763.2018.00169.5         Access: Open Access Read More

Author(s): Puja Khatri, Pragya Gupta

DOI: 10.5958/2321-5763.2017.00044.0         Access: Open Access Read More

Author(s): Suresh K. Mittal, Richu

DOI: 10.5958/2321-5763.2017.00053.1         Access: Open Access Read More

Author(s): Harilal. A, Santhosh V A

DOI:         Access: Open Access Read More

Author(s): Manu K S, Varsha L Menda

DOI: 10.5958/2321-5763.2017.00090.7         Access: Open Access Read More

Author(s): Ishfaq Hussain Bhat, Soumya Singh

DOI: 10.5958/2321-5763.2018.00194.4         Access: Open Access Read More

Author(s): K. Hanumantha Rao, T.Gopi

DOI:         Access: Open Access Read More

Author(s): Awasthi Amit

DOI:         Access: Open Access Read More

Author(s): Anshika Yadav, Sonakshi Goyal

DOI:         Access: Open Access Read More

Author(s): Maneet Kaur, Satinderbir Kaur

DOI: 10.5958/2321-5763.2017.00161.5         Access: Open Access Read More

Author(s): Monika Sethi, Sourabh Guha, Anuraag Agarwal

DOI:         Access: Open Access Read More

Author(s): Ankita Kashyap

DOI:         Access: Open Access Read More

Author(s): Shiv Kumar Sharma, Anuja Shukla

DOI: 10.5958/2321-5763.2017.00081.6         Access: Open Access Read More

Asian Journal of Management (AJM) is an international, peer-reviewed journal, devoted to managerial sciences. The aim of AJM is to publish the relevant to applied management theory and practice...... Read more >>>

RNI: Not Available                     
DOI: 10.5958/2321-5763 


Recent Articles




Tags