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Efficient Indian Commodity Markets – Need for Comprehensive Warehousing System

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  • Sinha, Pankaj
  • Mathur, Kritika

Abstract

Warehouses are closely linked to commodity futures exchanges and form an important component in the process of price formation of commodities. Warehouses issue warehouse receipts to farmers, the warehouse guarantees the farmer the delivery of the goods stored in the premises of the warehouse while the warehouse receipts can be pledged in transactions which are financial in nature in order to generate loans for the financing of cost of storage. The current study tries to assess the nature of storage facilities of commodities in a few major countries as well as prominent global commodity exchanges to explore the status of warehousing and the future requirement of storage facilities in India with special reference to grain warehousing, since warehousing is necessary for agricultural commodities which are perishable in nature. As futures markets for commodities grow in their importance, there is a need for augmenting and strengthening the warehousing and delivery system in order to make the Indian commodity market more efficient. The paper also reviews the experience of warehouse receipt financing in developed and developing countries.

Suggested Citation

  • Sinha, Pankaj & Mathur, Kritika, 2014. "Efficient Indian Commodity Markets – Need for Comprehensive Warehousing System," MPRA Paper 59930, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59930
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    File URL: https://mpra.ub.uni-muenchen.de/59930/1/MPRA_paper_59930.pdf
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    References listed on IDEAS

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    1. World Bank & FAO, 2012. "The Grain Chain," World Bank Publications - Reports 23964, The World Bank Group.
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    More about this item

    Keywords

    Warehousing; Warehousing Receipts; Commodity Storage;
    All these keywords.

    JEL classification:

    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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