EFFICIENCY OF MAIZE FUTURES AND SPOT PRICE VOLATILITY

Authors

  • A B Debasis Rout Assistant Professor, Accounts National Law University Odisha
  • Madhubrata Rayasingh Assistant Professor, Economics National Law University Odisha

DOI:

https://doi.org/10.17605/OSF.IO/4EJ6B

Keywords:

Maize , market efficiency, price volatility, hedging, causality

Abstract

Considering the growth of maize as an alternative food grain to the production of rice and wheat and large populace of farmers being engaged in its production, this paper makes an attempt to examine whether maize futures traded in NCDEX (during the study period 2015-2019) is efficient, so that maize farmers can mitigate price risk through hedging. Also the study explores the extent of price volatility in maize spot prices. Econometric tools such as ADF test, VAR modeling, WALD test. Granger causality tests, Garch Modeling have been performed to investigate the aforesaid objectives. The tabulated results are suggestive of short term market efficiency and spot price volatility. The outcome of this study shall be relevant for market participants and policy makers.

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https://www.ncdex.com/

https://agmarknet.gov.in/

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Published

26-06-2020

How to Cite

[1]
A B Debasis Rout and Madhubrata Rayasingh, “EFFICIENCY OF MAIZE FUTURES AND SPOT PRICE VOLATILITY ”, IEJRD - International Multidisciplinary Journal, vol. 5, no. ICIPPS, p. 10, Jun. 2020.