Hedging price risks of farmers by commodity boards : A simulation applied to the Indian Natural rubber market (Record no. 60267)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01347nam a2200193Ia 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Zant Wouter |
| 245 #0 - TITLE STATEMENT | |
| Title | Hedging price risks of farmers by commodity boards : A simulation applied to the Indian Natural rubber market |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher | World Development |
| Year of publication | 2001 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 691-710 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper investigates a hypothetical hedging scheme in a domestic commodity market under which a commodity board offers a forward contract to domestic producers and local traders and covers its commitments on an international futures exchange. It is aimed to quantify welfare gains to agents in the market and costs and benefits of the board empirically. The empirical work is based on the Indian natural rubber market and the Tokyo Commodity Exchange (TOCOM) for the period 1990-95. The hedging scheme is shown to increase welfare substantially, particularly welfare of growers. The costs of such a facility for the commodity board (basis risk) are negligible. If the forward price offered on the domestic market is a small fraction below the international futures price, the board can prevent losses at only slightly lower welfare gains. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Asia |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Commodities |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | India |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Risk |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Rubber market |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | RPNT) |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Journals |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Serial Enumeration / chronology | Koha item type |
|---|---|---|---|---|---|---|---|---|---|
| Journals | RRII Library | RRII Library | Agricultural economics | 17/12/2021 | Volume 29, Issue 4 | Journals |