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Commodity market
About: Commodity market is a research topic. Over the lifetime, 1188 publications have been published within this topic receiving 17964 citations.
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TL;DR: In this paper, the Forward Market Commission has not taken any steps to create awareness among the public since liberalization and after more than a decade of introduction of a Commodity Derivative market in India, FMC has taken some constructive steps to open themselves to the general public with regard to regulation, system of operation, players of the market, FMC's Organizational chart and major initiations taken by the government and commission.
Abstract: Being the regulatory body of Commodity market ,the Forward Market Commission has not taken any steps to create awareness among the public since liberalization . After More than a decade of introduction of a Commodity Derivative market in India , FMC has taken some constructive steps to open themselves to the general public with regard to regulation, system of operation , players of the market, FMC's Organizational Chart and major initiations taken by the government and commission. This paper is attempt to take the initiatives taken by the central government and and FMC to the common public and better understanding of the operation of FMC towards Commodity Derivative Market in India after Liberalization. Key terms: Forward Market Commission, Commodity Derivative Market,
22 Nov 2016
TL;DR: In this article, the authors discuss the researches implemented in government bond and other financial markets, and to identify the most important global factors, influencing government bond market comovements.
Abstract: The aim of this theoretical paper is to discuss the researches implemented in government bond and other financial markets, and to identify the most important global factors, influencing government bond market comovements. Even though, there exist various groups of factors, influencing government bond markets, this research is concentrated in the existence of global factors. If the influence of these factors is significant, investors cannot hedge from this influence by diversifying. The research in this paper is implemented by using the analysis, synthesis and systemization of the researches and other scientific literature. This research uses a novel approach by excluding and the most common global factors, influencing government bond market comovements and discussing the measures to assess the influence of these factors on the comovements. The research resulted in identification of 5 global factors, most commonly disclosed by other researchers as influencing government bond market comovements: global risk aversion, global market portfolio, money market uncertainty, commodity market uncertainty and economic policy uncertainty, with the most important factor being global risk aversion. The existence of these factors reduces the benefits from international diversification: if the markets are strongly influence by the same global factors, the deterioration of these factors will influence the investment portfolio in the same way. JEL Codes: F36, G11, G15. DOI: https://doi.org/10.15544/ssaf.2016.01
01 Jan 2021
TL;DR: In this paper, the authors have focused on onion prices for the years 2013 to 2017 and found the Hurst exponent using statistical methods, specifically linear regression and time series analysis, wherein time is the independent variable and price of the commodity considered is dependent.
Abstract: The Indian commodity market is characterized by high volatility. When considering the agro-based commodity market, the prices may sometimes vary on a daily basis and regional basis. For the purpose of our research, we have restricted our region of study to the Indian national capital New Delhi. This paper aims to find out whether commodity markets follow a pattern with respect to prices, and if they do, then whether this could be determined by using basic fractal theory and determination of Hurst exponent. We have followed a suitable algorithm to find the Hurst exponent using statistical methods, specifically linear regression and time series analysis, wherein time is the independent variable and price of the commodity considered is dependent. The reason why time series analysis is chosen is because of the tendency of a time series to regress strongly to its mean. A statistical measure chosen to classify time series is the Hurst exponent. Initially, we have focused on onion prices for the years 2013 to 2017. The data set has been derived from the official website of the Consumer Affairs Department of the Government of India. The daily retail prices for Delhi for the month of June were observed and analyzed. We eventually aim to investigate if the market for onions has a long-term memory and will it be suitable to extend this conclusion to all other agro-based commodities. Our study has been motivated by the Fractal Market Hypothesis (FMH) that analyses the daily randomness of the market. We seek to find out whether the commodity market follows such a pattern provided that external factors remain constant. By external factors, we mean the variations that occur in the market with time, which include the demand, inflation, global price change, changes in the economy, etc. Keeping this in mind, we have attempted a time series analysis, using the monofractal analysis, at the end of which we would be estimating the Hurst exponent. The determination of Hurst exponent will help us to classify the time series as persistent or anti-persistent, i.e., how strong is the tendency of the time series to revert to its long-term mean value. Further, the multifractal analysis has been used to detect small as well as large fluctuations within the time series taken into consideration. This result would thus lead us to understand if prices in the commodity market could be remotely predicted, and what is the strength of the time series to return to its long-term mean value. Hence, this fractal analysis can be used to determine the characteristics of the prices in an agro-based economy.
TL;DR: The influence of transformation processes of reforming the agricultural sector and animal husbandry, which allow to increase production of grain products and animal feed was investigated in this paper, where the evolutionary process of the animal feed market formation in Ukraine and the EU was analyzed.
Abstract: The influence of transformation processes of reforming the agricultural sector and animal husbandry, which allow to increase production of grain products and animal feed was investigated in the paper. In addition, the evolutionary process of the animal feed market formation in Ukraine and the EU was analyzed. It was proved that the domestic animal feed market is characterized by the supply of domestic and foreign producers, creating tough competition due to the allocation of high-quality products and favorable price. Thus, the economic efficiency of animal feed enterprises depends on the state regulatory activity in the commodity market, specifically grain market. This specifics of functioning is formed by dynamics of animal feed imports to Ukraine, which in 2014 reached a maximum of 178,2 thousand tons, which is 31,61 % more than in 2010. Ukraine imported 86,9 thousand tons of wheat to the EU in an amount of 21,1 million Euros. Thus, by exporting grain products, comprising raw components for animal feed production, Ukraine holds import operations during which buys finished animal feed, which contains its own raw materials, but ready for feeding animals. Therefore, in the domestic market, with raw material resources available, there is an urgent need for high-tech production considering the safety and hygiene principles of animal feed. So, the problems of entry of the commodity group of animal feed to the EU market as a complete product for use by manufacturers in agricultural production are well founded. It was proposed to organize the system of production and circulation of animal feed, safety indicators of which meet the EU requirements and provide Ukrainian market operators with the opportunity to export feed to the EU Member States and other countries. It was proved that an effective measure is improving the legal protection of end users of feed and establishing clear responsibilities of market operators (feed labeling). Finally, developing the mechanism of recovery of animal feed producers from the crisis based on the preservation of the functioning principles of the national animal feed market harmonized with the EU legislation and adoption of the Law of Ukraine "On feed" were proposed.