Friday, June 3, 2016

9 June 2016: Integration between spot and futures markets and the way forward in commodity markets

Samir Shah

Indian agricultural market structure is characterised by over 7000 markets (APMCs). Each market in most states (other than a few states which have started the reform process) act as disconnected markets where a skewed market structure exists with an average of only 4-5 buyers to every seller. This deprives the small and marginal farmer from effective access to markets. We believe that 'right to market access' should be a cause that needs to be championed for farmers in India. 'Right to market access' means the ease with which a farmer can sell across grade, location and time. NCDEX Group and Government of Karnataka pioneered the beginning of this program of 'right to market access' through a reform program by building the first ever State Agri Market (SAM) initiated a few years ago. More recently Government of India has initiated an e-NAM project to set up a National Agri Market. Agri futures have been developed by NCDEX over the last 13 years. How can we build an effective market structure that integrates NAM, SAM, Futures seamlessly?

Date: June 9, 2016
Time: 04:00 P.M.

Conference Hall, Ground Floor
R&T Building
National Institute of Public Finance and Policy,
18/2 Satsang Vihar Marg, Special Institutional Area,
New Delhi-110067(INDIA)


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