Please use this identifier to cite or link to this item: http://hdl.handle.net/10603/102153
Title: A Study on Futures Trading in Commodities With Special Reference to Rubber
Researcher: Thenankal,Peter
Guide(s): Prof. (Dr.) P. Sudarsanan Pillai
Keywords: Futures Trading in Indian Context
Motivation
Production, Import, Export
Rubber trading
Trading
Trading Market
University: Cochin University of Science and Technology
Completed Date: 17/08/2015
Abstract: Futures trading in Commodities has three specific economic functions newlineviz. price discovery, hedging and reduction in volatility. Natural rubber newlinepossesses all the specifications required for futures trading. Commodity newlinefutures trading in India attained momentum after the starting of national level newlinecommodity exchanges in 2003. The success of futures trading depends upon newlineeffective price risk management, price discovery and reduced volatility which newlinein turn depends upon the volume of trading. In the case of rubber futures newlinemarket, the volume of trading depends upon the extent of participation by newlinemarket players like growers, dealers, manufacturers, rubber marketing newlineco-operative societies and Rubber Producer s Societies (RPS). The extent of newlineparticipation by market players has a direct bearing on their awareness level newlineand their perception about futures trading.In the light of the above facts and the review of literature available on newlinerubber futures market, it is felt that a study on rubber futures market is newlinenecessary to fill the research gap, with specific focus on (1) the awareness and newlineperception of rubber futures market participants viz. (i) rubber growers, newline(ii) dealers, (iii) rubber product manufacturers, (iv) rubber marketing newlineco-operative societies and Rubber Producer s Societies (RPS) about futures newlinetrading and (2) whether the rubber futures market is fulfilling the economic newlinefunctions of futures market viz. hedging, reduction in volatility and price newlinediscovery or not.The study is confined to growers, dealers, rubber goods manufacturers, newlinerubber marketing co-operative societies and RPS in Kerala. In order to achieve newlinethe stated objectives, the study utilized secondary data for the period from newline2003 to 2013 from different published sources like bulletins, newsletters, newlinecirculars from NMCE, Reserve Bank of India (RBI), Warehousing Corporation newline and traders. The primary data required for this study were collected from rubber newlinegrowers, rubber dealers, RPS and Rubber Marketing Co-operative Societies and newlinerubber goods manufacturers in Kerala. Data pertaining to the awareness and newlineperception of futures trading, participation in the futures trading, use of spot newlineand futures prices and source of price information by dealers, farmers, newlinemanufacturers and cooperative societies also were collected. Statistical tools newlineused for analysis include percentage, standard deviation, Chi-square test, newlineMann Whitney U test, Kruskal Wallis test, Augmented Dickey Fuller test newlinestatistic, t- statistic, Granger causality test, F- statistic, Johansen co integration newlinetest, Trace statistic and Max Eigen statistic.
Pagination: p; 337
URI: http://hdl.handle.net/10603/102153
Appears in Departments:School of Management Studies

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01- title .pdfAttached File256.56 kBAdobe PDFView/Open
02- certificate .pdf183.3 kBAdobe PDFView/Open
03- declaration .pdf100.84 kBAdobe PDFView/Open
04- acknowledgements .pdf134.66 kBAdobe PDFView/Open
05 - abstract .pdf101.2 kBAdobe PDFView/Open
06- contents .pdf230.29 kBAdobe PDFView/Open
07- list of tables .pdf117.71 kBAdobe PDFView/Open
08- list of figures .pdf91.28 kBAdobe PDFView/Open
09 - abbreviations.pdf113.5 kBAdobe PDFView/Open
10- chapter 1 .pdf323.59 kBAdobe PDFView/Open
11 - chapter 2 .pdf442.88 kBAdobe PDFView/Open
12- chapter 3 .pdf839.42 kBAdobe PDFView/Open
13 - chapter 4 .pdf11.65 MBAdobe PDFView/Open
15- chapter 6 .pdf938.74 kBAdobe PDFView/Open
16- bibliography .pdf316.61 kBAdobe PDFView/Open
17- appendix .pdf303.78 kBAdobe PDFView/Open
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