My project is on the topic dissemination of price information for growers and its impact on consumers.
experts kindly brief me with how should i be proceeding with my project
Answers
The dissemination of spot and futures prices of agricultural commodities to
all agriculture sector participants, especially the farming
community across the country has been identified as an
important activity in the XIth Five Year Plan by the
Planning Commission. The Forward Markets Commission
(FMC), as the regulator of the Commodity Futures Market
in India, has been given the mandate for implementing
the directives of the Planning Commission for
dissemination of agricultural commodity prices across
the country. In response to this directive, the Forward
Markets Commission formulated the Price Dissemination
Scheme which is being implemented by it across the
country in partnership with the Department of
Agriculture and Marketing, Ministry of Agriculture, and the five National
Commodity Exchanges – The Multi Commodity Exchange of India (MCX), The
National Commodity Exchange of India (NCDEX) and the National Multi
Commodity Exchange of India (NMCE), ACE Derivatives and Commodity
Exchange Limited (ACE), Indian Commodity Exchange Limited (ICEX).
Benefits to the Agricultural Sector
Agriculture producers and agribusinesses face a diverse array of marketing
and production alternatives. Each time a marketing or production decision is
made, farmers or agribusinesses must estimate what impact this decision will
have on their income or risk management plan. None of these are more
difficult to answer than, “What price can I expect?“. A producer may ask “which
crop will I plant given my known input costs and expected harvest time prices?” or
“should I sell now or sell forward or store my crop?”. A trader may ask, “ at what
forward price shall I buy from the producer and sell forward to agribusinesses?”.
Similarly, agribusinesses must determine price expectations to know what
forward price to offer
hope it helps
Price dissemination is basically we can see every livelihood. But mainly we can see it in agricultural department.
In agriculture there buyers traders are doing business from this growing price. But it effects on consumer. They can't survive properly. They have to buy this from the market at a high rate and when they will sell it they earn a nominal price and who buy this products they have to give high price. In every way consumers are suffering.