16.12.2008 - Who are the beneficiaries of Futures market?
From Commodityonline.com: The Chicago Board of Trade was set up in 1848 by a group of merchants wanting to minimize price risk. The first commodity Futures exchange in India was set up by Bombay Cotton Trade Association Ltd, again a group of merchants. However, it is not that farmers aren’t prone to price risks. In fact, price risk is only one of the risks that farmers face as they also have to deal with vagaries of weather, pests and diseases affecting the crop..... Full Article: Source
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