International E-publication: Publish Projects, Dissertation, Theses, Books, Souvenir, Conference Proceeding with ISBN.  International E-Bulletin: Information/News regarding: Academics and Research

A study on futures price movement of Jeera agricultural commodity in National Commodity Derivatives Exchange (NCDEX) in India

    ,

Author Affiliations

  • 1Department of Commerce, Periyar University, Salem, Tamil Nadu, India
  • 2Department of Commerce, Periyar University, Salem, Tamil Nadu, India

Res. J. Recent Sci., Volume 7, Issue (9), Pages 7-12, September,2 (2018)

Abstract

Generally in the world market the prices of agricultural commodities play a vital role. In developing and developed countries the demand for agricultural commodities are not perceptive to the prices of commodities. Every country (it may be a developing or developed country) should face the demand of all the commodities so it cannot give the much importance to the price of import the agricultural commodities from the developed countries from the following reasons (e.g., Japan): i. most agricultural commodities (mainly grains) are a necessity; ii. the total value of agricultural imports is a small portion of the country\'s gross national product (GNP). When decrease the price of commodities in developing countries, instead of increasing the domestic production, reducing the imports from other countries. However, in developing countries the relationship of price and quantity is influencing the general economic conditions.

References

  1. Gulen H. and Mayhew S. (2000)., Stock index futures trading and volatility in international equity markets., Journal of Futures Markets: Futures, Options, and Other Derivative Products, 20(7), 661-685.
  2. CRN India (2018)., Analyzing the Indian stock market., http://www.crnindia.com/commodity/jeera.html, 25-05-2018
  3. NCDEX (2018)., Pragti ka solid exchange, https://www.ncdex.com/index.aspx, 25-05-2018
  4. Sunitha Ravi (2013)., Price Discovery and Volatility Spillover in Indian Commodity Futures Markets Using Selected Commodities., Indian Journal of Research, 2(12), 128-130.
  5. Selvalakshmi D. and Arumugam D.A. (2014)., Impact of Price Level Changes in Indian Commodity Market., Global Journal for Research Analysis, 124-126, 3(4).
  6. Business Standard (2018)., Commodity Futures Market - A Mechanism for Price Discovery and Price Risk Management., http://www.business-standard.com/article/ government-press-release/commodity futures-market-a-mechanism-for-price-discovery-and-price-risk-114120500940_1.html 25-05-2018
  7. Pindyck R.S. (2004)., Volatility in natural gas and oil markets., The Journal of Energy and Development, 30(1), 1-19.
  8. Antoniou A. and Foster A.J. (1992)., The effect of futures trading on spot price volatility: evidence for Brent crude oil using GARCH., Journal of Business Finance & Accounting, 19(4), 473-484.
  9. Ates A. and Wang G.H.K. (2007)., Price Dynamics in Energy Spot and Futures Markets: The Role of Inventory and Weather., presented at Financial Management Association Annual Meeting.
  10. Bollerslev T. (1986)., Generalized autoregressive conditional heteroskedasticity., Journal of econometrics, 31(3), 307-327.
  11. Kamara A. (1982)., Issues in futures markets: a survey., Journal of Futures Markets, 2(3), 261-294.
  12. Yang J., Balyeat R.B. and Leatham D.J. (2005)., Futures trading activity and commodity cash price volatility., Journal of Business Finance & Accounting, 32(1‐2), 297-323.