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Author: Velmurugan Palaniappan Shanmugam Publisher: ISBN: Category : Languages : en Pages : 12
Book Description
Against the well-established fact that the usefulness and suitability of futures trading in developing the underlying agricultural commodity market, especially in an agriculture-based country like India are been questioned by various bodies. Through this work, it has been analyzing the role of futures trading on agricultural commodities. The effect of futures trading may be of two kinds, that is by way of hedging the price risk and the other way is through price discovery. The data collected for the analysis are the daily price history of spot and futures of five major agricultural commodities (Castor Seed, Chana, Chilli, Jeera, and Wheat) for a period of 7 years started from 2007 to 2014. Here it is revalidated the relationship between price movements of agricultural commodity futures and underlying spot prices by applying econometric analysis tools like Unit Root Test, and Engel-Granger test of Cointegration. The empirical findings proved that an existence of interrelationship between futures price movement and respective underlying spot prices in Indian agricultural commodity market.
Author: Velmurugan Palaniappan Shanmugam Publisher: ISBN: Category : Languages : en Pages : 12
Book Description
Against the well-established fact that the usefulness and suitability of futures trading in developing the underlying agricultural commodity market, especially in an agriculture-based country like India are been questioned by various bodies. Through this work, it has been analyzing the role of futures trading on agricultural commodities. The effect of futures trading may be of two kinds, that is by way of hedging the price risk and the other way is through price discovery. The data collected for the analysis are the daily price history of spot and futures of five major agricultural commodities (Castor Seed, Chana, Chilli, Jeera, and Wheat) for a period of 7 years started from 2007 to 2014. Here it is revalidated the relationship between price movements of agricultural commodity futures and underlying spot prices by applying econometric analysis tools like Unit Root Test, and Engel-Granger test of Cointegration. The empirical findings proved that an existence of interrelationship between futures price movement and respective underlying spot prices in Indian agricultural commodity market.
Author: Gouri Prava Samal Publisher: New India Publishing Agency ISBN: 9390591805 Category : Social Science Languages : en Pages : 4
Book Description
Instability of commodity prices has always been a major concern of the farmers, processors, merchandisers as well as the consumers in an agriculture-dominated economy. Farmers’ direct exposure to price fluctuations makes it too risky for them to invest in other wise profitable activities. There are various ways to cope with this problem. The agriculture commodity market is one of them. It serves a risk-shifting function and can be used to lock-in prices in advance instead of relying on uncertain price developments in future. Apart from being a vehicle for risk transfer among hedgers and from hedgers to speculators, these markets also play a major role in price discovery. The primary objective of this book is to impart the basic knowledge of derivatives market, types of derivative markets, agriculture futures market, regulator of commodity market, commodity exchanges, price discovery in commodity market and awareness among various stakeholders of commodity market.
Author: Kushankur Dey Publisher: Springer Nature ISBN: 9811634327 Category : Business & Economics Languages : en Pages : 145
Book Description
Futures markets offer numerous advantages in the marketing of agricultural commodities, and in this context, the book examines the major factors and issues that determine the participation of India’s farmers in the futures markets. These include the efficiency of the futures markets in price discovery, the convergence of spot and futures prices, the dissemination of spot price information, and the socio-economic and exchange-related issues affecting farmer participation. It also examines the factors affecting the demand and supply of participation, and the access to futures trading services. The purpose is to identify different factors that can enhance or constrain farmer participation in the futures markets, which may include market characteristics, institutional features, socio-economic issues, and behavioural aspects of farmer participation. A number of organizations related to rural development, as well as farmer producer companies have sought to facilitate farmer participation in the forward/futures market through offering aggregation and other trading services, and the book also examines these efforts towards the exchange-traded derivative markets and the direct and indirect benefits that accrue. The book also studies the efficiency of futures markets in price discovery and price dissemination applying co-integration tests, and error correction and volatility models, using available data of wheat, rapeseed-mustard, cotton, guar seed, castor, cumin and coriander futures contracts traded in the largest agricultural commodity exchanges in India. Besides, case studies are used to examine and understand the institutional roles of aggregators in aggregation efforts towards the forward/futures market. This book covers several states and locations in India to enhance the representation and validity of the findings. It also examines representative farmer organizations which have obtained institutional membership in the forward or futures markets, and identifies areas of further research. In the current scenario, the book would be of immense importance and relevance to governments, commodity exchanges/markets, aggregators, many private and development organizations, as well as interested researchers and students.
Author: Madhoo G. Pavaskar Publisher: ISBN: 9788190810913 Category : Agricultural prices Languages : en Pages : 223
Book Description
In the wake of trade liberalization since the mid 1990s in India, commodity exchanges have been allowed to operate after a long ban of around three and half decades. In the new millennium, national level exchanges have been launched for futures trading, and they have witnessed initial successes in terms of volume and turnover. But, what has been the impact of futures trading on agricultural production and prices? Have futures markets been successful in playing their critical roles of price risk management and price discovery? Can futures markets help the various stakeholders in the agricultural value chain to hedge against the impending risks that will be posed with further agricultural trade liberalization, as India moves further towards WTO regime? Proper research to answer these critical questions has been lacking so far in the Indian context. Resultantly the literature on these aspects of futures trading has, so far, been conspicuous by its absence. The volume titled, Effects of FUTURES MARKETS on Agricultural Commodities , edited by eminent economist Dr. Madhoo Pavaskar, seeks to answer these critical questions, and attempts to bridge the gap existing in the literature. The volume is published by Takshashila Academia of Economic Research (TAER), an independent, non-partisan academic group for undertaking economic, environmental, and social research, set up by Financial Technologies (India) Limited (FTIL). The volume entails a collection of speeches and select papers presented at the seminar on Agro-Commodity Futures in India: Impact on Production and Prices, organized by erstwhile MCX Academia of Economic Research (now TAER). The contributors are leading economists, regulators, policy makers and stakeholders associated with futures markets. In its attempt to informing policy makers, stimulating research thinking, as well as to creating a general awareness of the various economic issues related to the agricultural futures markets, this book is the first of its type. It will be of interest to economists, scholars, academicians, regulators, policy makers, and various market functionaries alike.
Author: Mohammad Irshad VK Publisher: ISBN: Category : Languages : en Pages : 8
Book Description
On agricultural commodity futures, there is always been a doubt, expressed by different bodies and experts on the usefulness and suitability of futures contract in developing in the underlying agricultural commodity market, especially in an agricultural based economy like India. Here an attempt is made to revalidate the impact of futures trading on the agricultural commodity market. The daily price information in spot and futures market for a period of seven years ranging from 2007 to 2014 for five major agricultural commodities are estimated using VAR (Vector Auto Regression) and GARCH (1,1) to test the dynamic interrelationship among the variables. The empirical findings significantly show that comparative advantage of the futures market in disseminating information, leading to a significant price discovery and risk management, that can help to successfully develop the underlying commodity market in India.
Author: Michael Atkin Publisher: Routledge ISBN: 9781032689074 Category : Business & Economics Languages : en Pages : 0
Book Description
Originally published in 1989, this book is a clear and thorough guide to the workings and purpose of the futures markets. It begins by explaining the role of futures and options in agriculture and their uses in reducing risks and maximizing profits. The state of the futures industry in the USA, Europe, Japan and the smaller exchanges elsewhere during the 1980s is examined, the pattern of price movements analysed, and the major background factors which influence price movements discussed. The regulatory environment in the US and UK is analysed, and there is a thorough explanation of fundamental and technical approaches to price forecasting and of strategies to maximize profits from trading. Detailed profiles of the major agricultural commodities traded on futures markets comprise the second part of this comprehensive handbook. The major markets, price movements, and trading opportunities are outlined for each commodity in turn. The book concludes by discussing the contemporary issues facing futures trading, and the role of the markets in the agricultural trade of developing countries.
Author: Velmurugan Palaniappan Shanmugam
Author: Velmurugan Palaniappan Shanmugam
Author: United States. Commodity Exchange Administration
Author: Gouri Prava Samal
Author: 
Author: Kushankur Dey
Author: 
Author: 
Author: Madhoo G. Pavaskar
Author: Mohammad Irshad VK
Author: Michael Atkin