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Commodity futures trading in india : a role of national commodity exchanges

KrishiKosh

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Title Commodity futures trading in india : a role of national commodity exchanges
 
Creator M.Baskara
 
Contributor S.B.Mahajanashetti
 
Subject Agribusiness Management
 
Description Commodity futures trading in India is almost as old as that in the United States with
India’s first organized futures market, Bombay cotton trade association Ltd., being set up
1875.
The objectives of the present study were to examine the organizational set up and the
mode of working of the National Exchanges, assess the share of national exchanges in
commodities traded on futures market and analyze the relationship between spot and futures
price of the selected agricultural commodities. Secondary data were collected from the
official web sites of Forward Market Commission (FMC) and National Level Commodity
Exchanges in India for the period 2004-05 to 2006-07, while the primary data regarding the
handicaps in futures trading were collected through personal interview of members and
clients.
The result showed that the share of NCDEX in respect of selected crops among
cereals, pulses and spices were around 63 percent to 99 percent during each year in the total
quantity handled in national level exchanges. However, in the case of plantations and oil
crops NMCE was witnessed major market share except cashew and RBD palmoil
respectively. The Augmented Dicky Fuller (ADF) test has been used to check the time series
data. Most of the series have been observed to follow the stationary pattern at the first and
second difference. Around 67 per cent of members expressed that they has problem of
deficient technical stall in back office. The problem faced by the client’s difficulties in
predicting future market trends was the most significant one. As many as 77 per cent of the
clients, expressed that they faced this problem.
 
Date 2016-08-09T14:05:04Z
2016-08-09T14:05:04Z
2007
 
Type Thesis
 
Identifier http://krishikosh.egranth.ac.in/handle/1/71750
 
Format application/pdf
 
Publisher UAS, Dharwad