Determinants of a Successful Commodity Contract - Evidence from Indian Agriculture Futures Market
Determinants of a Successful Commodity Contract - Evidence from Indian Agriculture Futures Market

Author: Neharika Sobti

Publisher:

Published: 2019

Total Pages:

ISBN-13:

DOWNLOAD EBOOK

Every year exchanges introduce new futures contracts in the hope to see those garnering volumes but majority of these contracts have never attracted volumes and died their own death. The history of contract innovation is replete with failures. The aim of this study is an attempt to revisit and decipher the determinants of a successful futures contract with the focus on agriculture commodity futures contracts traded in India. This study also raises concern and doubts the utility of SEBI's long list of criteria for eligibility of a commodity contract and its likely success as circulated in the year 2017. The critical issue is does an exhaustive checklist of criterion as proposed by SEBI guarantees success or the modus operandi should be to explore and understand which is that inherent need that a successful contract satisfies which unsuccessful doesn't. .This issue also has a direct bearing on the viability of having futures and option contract for varying commodities and assets. Is success of a commodity more of a magic than a science is the main debate which has been discussed. Using panel random effects model on 30 agriculture future contracts traded on NCDEX in India from 2003-2016, the study found that volatility in the spot prices of the underlying commodity is the most important determinant followed by hedging effectiveness of contract and presence of hedgers. Contrary to the previous studies, size of the underlying commodity, activeness of spot market, homogeneity did not prove to be significant which highlights an important aspect for policy makers and academicians.

Farmers’ Participation in India’s Futures Markets
Farmers’ Participation in India’s Futures Markets

Author: Kushankur Dey

Publisher: Springer

Published: 2021-08-24

Total Pages: 124

ISBN-13: 9789811634314

DOWNLOAD EBOOK

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.

Economics of Futures Trading: For Commercial and Personal Profit
Economics of Futures Trading: For Commercial and Personal Profit

Author: Thomas A. Hieronymus

Publisher: Ceres Books LLC

Published: 2023-08-07

Total Pages: 543

ISBN-13: 0578357976

DOWNLOAD EBOOK

Winner of the Award for Publication of Enduring Quality from the American Agricultural Economics Association The classic and must-have book on the commodity futures market For decades, Economics of Futures Trading has been known as “the bible” of the commodity futures market. This updated edition provides the foundation for everything you need to know in commodity basics and the economics of futures trading. In this comprehensive and essential guide, Professor Hieronymus reveals secrets and wisdom attained from decades of hands-on experience and research in the field. His timeless insight provides the fundamentals necessary for trading in pursuit of profits–whether you are new to the world of commodity trading or experienced. Dr. Hieronymus’ witty and engaging writing ushers you into the world of trading so you can attain success in these ever-growing markets. The underlying principles presented in this classic remain unchanged, and your understanding of all the complex concepts in futures trading will be enhanced, such as: Operation and performance of the commodity market. Hedging and speculation. Historical developments. And much more. This remains the ultimate guide and go-to resource for anyone interested in the operation of commodity markets. Set yourself up for success as you navigate the complexity of the market by first gleaning from a gold mine of insight offered in this easy-to-digest classic.

Agricultural Marketing and Consumer Behavior in a Changing World
Agricultural Marketing and Consumer Behavior in a Changing World

Author: Berend Wierenga

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 314

ISBN-13: 1461562732

DOWNLOAD EBOOK

As in many other sectors, in agribusiness major changes are taking place. On the demand side, consumers are changing lifestyles, eating and shopping habits, and increasingly are demanding more accommodation of these needs in the supermarket. With regard to the supply: the traditional distribution channel dominators - manufacturers of branded consumer products - are trying hard to defend their positions against retailers, who gather and use information about the consumer to streamline their enterprises and strengthen their ties with the consumer. The agricultural producers, meanwhile, face increased regulations with regard to food additives, pesticides, and herbicides. Pressures rise as their business becomes more specialized and capital-intensive than that of their predecessors. Finally, the larger political climate is not so favorable to agriculture, which now has to compete in the global market without significant government support. This title describes and interprets changes in the domain of agriculture and food. The contributors develop the theme of taking an interdisciplinary approach to coping with these changes, using concepts and methods developed in general marketing, which are adapted so as to apply to the particular characteristics of the food and agriculture sector. This book is published to honor the distinguished career of Professor Mathew T.G. Meulenberg from Wageningen Agricultural University, on the occasion of his retirement in September 1996. As a scientist, teacher, and advisor to the agribusiness and the government, Professor Meulenberg has made an important contribution to the development of marketing, inside and outside the domain of agriculture.

Transforming Food Systems for a Rising India
Transforming Food Systems for a Rising India

Author: Prabhu Pingali

Publisher: Springer

Published: 2019-05-14

Total Pages: 382

ISBN-13: 3030144097

DOWNLOAD EBOOK

This open access book examines the interactions between India’s economic development, agricultural production, and nutrition through the lens of a “Food Systems Approach (FSA).” The Indian growth story is a paradoxical one. Despite economic progress over the past two decades, regional inequality, food insecurity and malnutrition problems persist. Simultaneously, recent trends in obesity along with micro-nutrient deficiency portend to a future public health crisis. This book explores various challenges and opportunities to achieve a nutrition-secure future through diversified production systems, improved health and hygiene environment and greater individual capability to access a balanced diet contributing to an increase in overall productivity. The authors bring together the latest data and scientific evidence from the country to map out the current state of food systems and nutrition outcomes. They place India within the context of other developing country experiences and highlight India’s status as an outlier in terms of the persistence of high levels of stunting while following global trends in obesity. This book discusses the policy and institutional interventions needed for promoting a nutrition-sensitive food system and the multi-sectoral strategies needed for simultaneously addressing the triple burden of malnutrition in India.

Food Price Volatility and Its Implications for Food Security and Policy
Food Price Volatility and Its Implications for Food Security and Policy

Author: Matthias Kalkuhl

Publisher: Springer

Published: 2016-04-12

Total Pages: 620

ISBN-13: 3319282018

DOWNLOAD EBOOK

This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.

Commodity Exchanges and Futures Tradingprinciples and Operating Methods
Commodity Exchanges and Futures Tradingprinciples and Operating Methods

Author: Julius. B. Baer

Publisher: Sagwan Press

Published: 2015-08-23

Total Pages: 342

ISBN-13: 9781340087005

DOWNLOAD EBOOK

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.