Search Result

Total Matching Records found : 39

Linking farmers to futures market in India -Tirtha Chatterjee, Raghav Raghunathan and Ashok Gulati

between April 2016 and May 2018 only a tiny fraction (0.004 percent) of overall agri-futures trade at NCDEX was through FPOs. This reflects the need for gigantic steps, if FPOs have to be involved in Futures trading at any reasonable scale. The need is even greater if one considers the dire necessity of having forward looking cropping patterns, where farmers’ planting decisions are based on future prices rather than last year’s or even ear

More »

Farm subsidy to loan waivers: A race to compensate farmers for their losses -Ashok Gulati

Needless to say that agriculture has been crying for wholesale structural reforms, especially in agri-marketing, from abolition/pruning of the Essential Commodities Act, to reforming the APMC, to Futures trading, to negotiable warehouse receipt systems, to building commodity-specific value chains on the lines of Amul’s milk model, etc. But the time for structural reforms has run out. And, now there is a race to compensate farmers for their l

More »

Drop in pulses prices despite good rains reveals India's flawed agri policy -Abhishek Waghmare

m support price (MSP) of Rs 5,050 per quintal (including a bonus of Rs 425) since December 2016. A ban on exports, restrictions on stocking by private agencies in a bumper-crop year and absence of Futures trading in agricultural commodities have been cited as key reasons for pulses to follow “the usual roller-coaster of high and low prices” in consecutive years, according to this article by Ashok Gulati, Infosys Chair professor for agri

More »

Farmers are using futures contracts to counter price risks -Sayantan Bera

uo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,” he added. Currently rules do not allow Futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink. “We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,” said Praves

More »

Budget and agri-commodity trading: Searching for a spot in the future -Pravesh Sharma & Raghav Raghunathan

ribal and women farmer-members. The then regulator, the Forward Markets Commission, allowed the National Commodity and Derivatives Exchange (NCDEX) to list producer companies (PC) as players on their Futures trading platform. In 2014, ahead of the sowing season, Ram Rahim PC locked in a futures price of Rs 4,500 per quintal for soybean at the NCDEX platform. That year turned out to be one of bumper production year, leading to prices crashing in the

More »

Pulses policy must break new ground -G Chandrashekhar

the status and treatment it actually deserves. Many will recall the pulse price spike of 2007 when the Government imposed draconian restrictions such as stock limits, restricted exports, suspended Futures trading and so on. We do not seem to have learnt any lesson from that. The pulses sector deserves a long-term policy encompassing production, processing, consumption and trade. Pulses have not received adequate policy, research and investment s

More »

Govt cracks the whip on price rise -Sanjeeb Mukherjee

17.06 million tonnes in 2015-16 crop year (July-June) due to two consecutive years of drought, while the demand stands at 23.5 million tonnes. MEASURES TAKEN TO ARREST INFLATION * Sebi suspends Futures trading in chana * Centre imposes 20% export duty on sugar * 25% export duty on wheat extended * IB and Department of Revenue Intelligence to keep an eye on cartelisation * Senior officials to scout for opportunities to grow pulses in Mozambiq

More »

Chickpeas Futures trading may face ban

-The Hindu States asked to exempt pulses from Value Added Tax and other local levies to control prices The government is considering banning Futures trading in chana dal (brown chickpeas) and reducing import duty on sugar as part of its efforts to rein in inflation, according to a top official. Higher food prices, led by pulses and sugar, pushed wholesale price inflation into positive territory in April after 17 months of decline while cons

More »

From plate to plough: Losing the pulses -Ashok Gulati & Shweta Saini

ies and open up imports at zero duty; two, invoke the Essential Commodities Act (ECA) to impose stocking limits, forcing private trade to liquidate stocks immediately; three, suspend/ ban forward and Futures trading. This is what the government has been doing since 1955. Nothing has changed. The cabinet has cleared the invoking of the ECA; the agriculture minister went on record about importing 5,000 tonnes of tur; and there is news of the impending s

More »

A perfect storm threatens Maharashtra's cotton farmers -Aman Sethi

said. "International prices are the main drivers of domestic cotton prices in India," said D K Nair, secretary-general of the Confederation of Indian Textile Industry. He added cotton Futures trading in India was negligible, adding traders took price cues from domestic and international exchanges. "The price will also be affected by the exchange rate and the market's anticipation of the price in the following year." Nair

More »

Video Archives


share on Facebook
Read Later