Effects of Futures Markets on Agricultural Commodities

India Infoline News Service | Mumbai |

This book is a collection of speeches and select papers presented at the seminar on Agro-Commodity Futures in India: Impact on Production and Prices. It is imperative that the market needs more participation from genuine hedgers while existing speculative interests are not driven away.

Edited by: Madhoo Pavaskar
Pages:
223
Price:
Rs400 (valid only in India)
Publisher:
Takshashila Academia of Economic Research

Vote-bank politics often comes into play in India which forces the government to take a decision which is neither in the interest of the farmers nor in the interest of the nation says, Venkat Chary, Chairman, MCX in the book, "Effects of Futures Markets on Agricultural Commodities," which is a collection of speeches and select papers presented at the seminar on Agro-Commodity Futures in India: Impact on Production and Prices. The contributors are leading economists, regulators, policy makers and stakeholders associated with futures markets.

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.

Here are a few questions answered in the book:

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. As one author points out,"...It is imperative that the market needs more participation from genuine hedgers while existing speculative interests are not driven away."

About the author:

Dr. Madhoo Pavaskar, is Director, Takshashila Academia of Economic Research (TAER) Limited. His experience spans over 50 years, of which 21 years were spent in Tata Economic Consultancy Services from where he retired as Executive Director. He was nominated by the Secretary-General of UNCATD, as a member of the Expert Group on Commodity Futures Markets. He is currently consulting editor of Commodity Vision, a bi-monthly journal published by Takshashila Academia of Economic Research.

About the publisher:

Takshashila Academia of Economic Research (TAER) Ltd, a wholly owned subsidiary of Financial Technologies (India ) Limited, is an independent academic organisation undertaking economic research and bringing out publications. With the emerging challenges of globalization and competitive free trade, especially following the onset of the World Trade Organization era, India has been facing multifarious complex problems in diverse economic and social areas to sustain its economic growth and promote distributive justice so as to eliminate poverty. This calls for non-partisan and objective research to assist the various stakeholders in different economic sectors and policymakers in decision making. TAER has been founded with this avowed purpose. TAER is a brain storming think tank in the world of economic, social, and policy research.


 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.