Commodity futures, farmers 'gains or players'?

Castor farmers do not get enough prices: Areas producing farmers stuck in the market-commodity exchange deals to get higher commodity prices

When the Congress ruled at the Center, as the Chief Minister, the futures market was closed and the interest of the farmers was protected. Six years have passed since the BJP's government came to the Center, but the futures market has been restored. When the central government convened a meeting in 5-7 to launch the commodity futures market, then-president of Ahmedabad castor market, Ishwarbhai Patel, said that if the commodity futures were turned on, then the gambling sector would be opened. Today, their words prove to be the truth. It does not benefit castor makers. The slogans with the financial strength to play the market are making a lot of money.

Farmers, on the other hand, are sitting watching you. Farmers who are regarded as the world's hottest on the price of castor are destitute and helpless. There are talk of money laundering speculators. The price rise in the gold market is also subject to speculators. Rs. Not priced at Rs. But gold prices have been inflamed by speculators in the name of safe haven investment over the Iran-Iraq issue. The price of gold has not gone up due to real demand.

We used to talk about castor. This year, prices of castor, ie 5 kg, have come down to Rs 5 from Rs 5. This fact is far more dangerous to farmers than castor cultivation. The farmer is helpless. The market fluctuates. At present, castor buyers consider the futures market traders to be the answer. The speculators in the futures market raise the prices when they are upset and break the prices when the mind blows. His cartel is just as serious. Commodity Exchange authorities do not take action against circular traders. Now the monitoring of the Commodity Exchange has come into the hands of the Sebi-Securities and Exchange Board of India. The farmers' condition has worsened as Sebi does not even take action in this regard. The oil used in castor oil is made of biodiesel. After the castor is removed from the wall, the quality of the soil can be improved with the help of salvaged soil. There is also a large market for export of oil.

Speculators are killing farmers by fluctuating prices. Farmers who make six to eight months of farming get more profit than farmers who get speculators in the castor market for a period of six to eight months. Thus, the situation of the jungle raj like the two parts of Balia (those with economic force) has created a futures market. The minister, who has promised to change the situation, has taken silence on the issue after moving to the Center.

India is the largest producer of castor oil in the world. Brazil is competing with India in the international market in terms of three value added products made from castor oil, castor oil and castor oil. Gujarat accounts for 5% of the total production in India. Outside Gujarat, castor is grown in states like Rajasthan and Andhra Pradesh. As a result, the prices of commodity market speculators are being affected the most by the farmers of Gujarat. North Gujarat is the hub of castor production in Gujarat.

Minimum support prices are not announced for castor. Products that fall into the category of support prices do not include castor. So do not declare its support prices. Private buyers have taken advantage of it because government agencies do not buy it.

Market speculators break their prices at any time. The government, which has been active in doubling the income of the farmers, must first control the bread-grower in this way by making turmoil in the market. The production of castor has increased to 5.7 million tonnes in 3-4 years and 5 lakh tonnes in castor in the last 2-3 years. Thus, it has seen a decrease of 1.5 lakh tonnes. Thus, as the yield is low, its prices should go higher. In fact, its prices have gone down. Under these circumstances, the government needs to take steps to protect the farmers directly from the speculators.