{"title":"印度农业衍生品的市场发展和政策问题:棉花和薄荷的研究","authors":"T. Agrawal, S. Sehgal, Muneesh Kumar","doi":"10.5958/0974-0279.2020.00011.7","DOIUrl":null,"url":null,"abstract":"This study of cotton and mentha derivatives aims to analyse the information efficiency of the Indian agri-commodity derivatives market. We find weak information linkages: the cotton spot market dominates in price discovery and its futures market in volatility spillover, and the futures market leads the spot market for both price discovery and risk hedging for mentha. To develop the market and improve the transmission of information, it is necessary to build a physical spot market and integrate it with the derivatives market, create awareness, build institutional capacity, improve delivery-based support, and redesign contract specifications.","PeriodicalId":441823,"journal":{"name":"Agricultural Economics Research Review","volume":"33 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Market development and policy issues for agri-derivatives in India: a study of cotton and mentha\",\"authors\":\"T. Agrawal, S. Sehgal, Muneesh Kumar\",\"doi\":\"10.5958/0974-0279.2020.00011.7\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study of cotton and mentha derivatives aims to analyse the information efficiency of the Indian agri-commodity derivatives market. We find weak information linkages: the cotton spot market dominates in price discovery and its futures market in volatility spillover, and the futures market leads the spot market for both price discovery and risk hedging for mentha. To develop the market and improve the transmission of information, it is necessary to build a physical spot market and integrate it with the derivatives market, create awareness, build institutional capacity, improve delivery-based support, and redesign contract specifications.\",\"PeriodicalId\":441823,\"journal\":{\"name\":\"Agricultural Economics Research Review\",\"volume\":\"33 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-06-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Agricultural Economics Research Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.5958/0974-0279.2020.00011.7\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Agricultural Economics Research Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5958/0974-0279.2020.00011.7","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Market development and policy issues for agri-derivatives in India: a study of cotton and mentha
This study of cotton and mentha derivatives aims to analyse the information efficiency of the Indian agri-commodity derivatives market. We find weak information linkages: the cotton spot market dominates in price discovery and its futures market in volatility spillover, and the futures market leads the spot market for both price discovery and risk hedging for mentha. To develop the market and improve the transmission of information, it is necessary to build a physical spot market and integrate it with the derivatives market, create awareness, build institutional capacity, improve delivery-based support, and redesign contract specifications.
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