Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'agriculture/farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/agriculture/farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'agriculture/farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/agriculture/farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-trace').style.display = (document.getElementById('cakeErr67f15fbe994db-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f15fbe994db-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-code').style.display = (document.getElementById('cakeErr67f15fbe994db-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-context').style.display = (document.getElementById('cakeErr67f15fbe994db-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f15fbe994db-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f15fbe994db-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 33222,
		&#039;title&#039; =&gt; &#039;Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;
&lt;br /&gt;
For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;
&lt;br /&gt;
In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;
&lt;br /&gt;
This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;
&lt;br /&gt;
The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;
&lt;br /&gt;
According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;
&lt;br /&gt;
Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;
&lt;br /&gt;
A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;
&lt;br /&gt;
Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. 
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Livemint.com, 3 March, 2017, http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 22,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4681311,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 33222,
	&#039;metaTitle&#039; =&gt; &#039;Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Farmer-Producer Organization (FPO),Agriculture,farming,NCDEX,Future Trading&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;&lt;br /&gt;For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;&lt;br /&gt;In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;&lt;br /&gt;This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;&lt;br /&gt;The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;&lt;br /&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;&lt;br /&gt;Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;&lt;br /&gt;A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;&lt;br /&gt;Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot; title=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 33222,
	&#039;title&#039; =&gt; &#039;Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;
&lt;br /&gt;
For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;
&lt;br /&gt;
In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;
&lt;br /&gt;
This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;
&lt;br /&gt;
The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;
&lt;br /&gt;
According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;
&lt;br /&gt;
Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;
&lt;br /&gt;
A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;
&lt;br /&gt;
Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. 
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Livemint.com, 3 March, 2017, http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 22,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4681311,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 33222
$metaTitle = &#039;Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;
$metaKeywords = &#039;Farmer-Producer Organization (FPO),Agriculture,farming,NCDEX,Future Trading&#039;
$metaDesc = &#039;
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;&lt;br /&gt;For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;&lt;br /&gt;In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;&lt;br /&gt;This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;&lt;br /&gt;The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;&lt;br /&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;&lt;br /&gt;Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;&lt;br /&gt;A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;&lt;br /&gt;Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot; title=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>agriculture/farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera | Im4change.org</title>
    <meta name="description" content="
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Farmers are using futures contracts to counter price risks -Sayantan Bera</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-Livemint.com<br /><br /><em>According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months<br /><br />New Delhi: </em>In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&rsquo; groups are using futures contracts to hedge against price dips during the harvest season.<br /><br />For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.<br /><br />In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&mdash;and the FPO made a tidy profit of Rs. 30,000. <br /><br />This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&rdquo; she said.<br /><br />The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.<br /><br />According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.<br /><br />&ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&rdquo; he added.<br /><br />Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.<br /><br />&ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&rdquo; said Pravesh Sharma, former head of the Small Farmers&rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.<br /><br />&ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&rdquo; Sharma added.<br /><br />A change may not be far off. The Union budget presented last month has signalled the government&rsquo;s intent to radically reform agriculture marketing.<br /><br />Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. </div><div align="justify">&nbsp;</div><div align="justify"><em>Livemint.com, 3 March, 2017, please <a href="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html" title="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html">click here</a> to access </em><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-trace').style.display = (document.getElementById('cakeErr67f15fbe994db-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f15fbe994db-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-code').style.display = (document.getElementById('cakeErr67f15fbe994db-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-context').style.display = (document.getElementById('cakeErr67f15fbe994db-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f15fbe994db-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f15fbe994db-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 33222,
		&#039;title&#039; =&gt; &#039;Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;
&lt;br /&gt;
For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;
&lt;br /&gt;
In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;
&lt;br /&gt;
This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;
&lt;br /&gt;
The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;
&lt;br /&gt;
According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;
&lt;br /&gt;
Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;
&lt;br /&gt;
A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;
&lt;br /&gt;
Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. 
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Livemint.com, 3 March, 2017, http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 22,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4681311,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 33222,
	&#039;metaTitle&#039; =&gt; &#039;Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Farmer-Producer Organization (FPO),Agriculture,farming,NCDEX,Future Trading&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;&lt;br /&gt;For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;&lt;br /&gt;In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;&lt;br /&gt;This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;&lt;br /&gt;The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;&lt;br /&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;&lt;br /&gt;Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;&lt;br /&gt;A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;&lt;br /&gt;Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot; title=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 33222,
	&#039;title&#039; =&gt; &#039;Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;
&lt;br /&gt;
For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;
&lt;br /&gt;
In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;
&lt;br /&gt;
This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;
&lt;br /&gt;
The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;
&lt;br /&gt;
According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;
&lt;br /&gt;
Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;
&lt;br /&gt;
A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;
&lt;br /&gt;
Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. 
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Livemint.com, 3 March, 2017, http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 22,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4681311,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 33222
$metaTitle = &#039;Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;
$metaKeywords = &#039;Farmer-Producer Organization (FPO),Agriculture,farming,NCDEX,Future Trading&#039;
$metaDesc = &#039;
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;&lt;br /&gt;For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;&lt;br /&gt;In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;&lt;br /&gt;This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;&lt;br /&gt;The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;&lt;br /&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;&lt;br /&gt;Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;&lt;br /&gt;A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;&lt;br /&gt;Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot; title=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>agriculture/farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera | Im4change.org</title>
    <meta name="description" content="
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Farmers are using futures contracts to counter price risks -Sayantan Bera</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-Livemint.com<br /><br /><em>According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months<br /><br />New Delhi: </em>In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&rsquo; groups are using futures contracts to hedge against price dips during the harvest season.<br /><br />For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.<br /><br />In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&mdash;and the FPO made a tidy profit of Rs. 30,000. <br /><br />This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&rdquo; she said.<br /><br />The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.<br /><br />According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.<br /><br />&ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&rdquo; he added.<br /><br />Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.<br /><br />&ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&rdquo; said Pravesh Sharma, former head of the Small Farmers&rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.<br /><br />&ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&rdquo; Sharma added.<br /><br />A change may not be far off. The Union budget presented last month has signalled the government&rsquo;s intent to radically reform agriculture marketing.<br /><br />Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. </div><div align="justify">&nbsp;</div><div align="justify"><em>Livemint.com, 3 March, 2017, please <a href="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html" title="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html">click here</a> to access </em><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-trace').style.display = (document.getElementById('cakeErr67f15fbe994db-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f15fbe994db-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-code').style.display = (document.getElementById('cakeErr67f15fbe994db-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f15fbe994db-context').style.display = (document.getElementById('cakeErr67f15fbe994db-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f15fbe994db-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f15fbe994db-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 33222,
		&#039;title&#039; =&gt; &#039;Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;
&lt;br /&gt;
For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;
&lt;br /&gt;
In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;
&lt;br /&gt;
This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;
&lt;br /&gt;
The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;
&lt;br /&gt;
According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;
&lt;br /&gt;
Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;
&lt;br /&gt;
A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;
&lt;br /&gt;
Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. 
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Livemint.com, 3 March, 2017, http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 22,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4681311,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 33222,
	&#039;metaTitle&#039; =&gt; &#039;Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Farmer-Producer Organization (FPO),Agriculture,farming,NCDEX,Future Trading&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;&lt;br /&gt;For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;&lt;br /&gt;In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;&lt;br /&gt;This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;&lt;br /&gt;The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;&lt;br /&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;&lt;br /&gt;Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;&lt;br /&gt;A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;&lt;br /&gt;Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot; title=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 33222,
	&#039;title&#039; =&gt; &#039;Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;
&lt;br /&gt;
For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;
&lt;br /&gt;
In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;
&lt;br /&gt;
This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;
&lt;br /&gt;
The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;
&lt;br /&gt;
According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;
&lt;br /&gt;
Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;
&lt;br /&gt;
A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;
&lt;br /&gt;
Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. 
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Livemint.com, 3 March, 2017, http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 22,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4681311,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 33222
$metaTitle = &#039;Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera&#039;
$metaKeywords = &#039;Farmer-Producer Organization (FPO),Agriculture,farming,NCDEX,Future Trading&#039;
$metaDesc = &#039;
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&amp;rsquo; groups are using futures contracts to hedge against price dips during the harvest season.&lt;br /&gt;&lt;br /&gt;For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.&lt;br /&gt;&lt;br /&gt;In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&amp;mdash;and the FPO made a tidy profit of Rs. 30,000. &lt;br /&gt;&lt;br /&gt;This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &amp;ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&amp;rdquo; she said.&lt;br /&gt;&lt;br /&gt;The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.&lt;br /&gt;&lt;br /&gt;According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&amp;rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &amp;ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&amp;rdquo; he added.&lt;br /&gt;&lt;br /&gt;Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&amp;rdquo; said Pravesh Sharma, former head of the Small Farmers&amp;rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&amp;rdquo; Sharma added.&lt;br /&gt;&lt;br /&gt;A change may not be far off. The Union budget presented last month has signalled the government&amp;rsquo;s intent to radically reform agriculture marketing.&lt;br /&gt;&lt;br /&gt;Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;em&gt;Livemint.com, 3 March, 2017, please &lt;a href=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot; title=&quot;http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html&quot;&gt;click here&lt;/a&gt; to access &lt;/em&gt;&lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>agriculture/farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera | Im4change.org</title>
    <meta name="description" content="
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Farmers are using futures contracts to counter price risks -Sayantan Bera</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-Livemint.com<br /><br /><em>According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months<br /><br />New Delhi: </em>In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&rsquo; groups are using futures contracts to hedge against price dips during the harvest season.<br /><br />For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.<br /><br />In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&mdash;and the FPO made a tidy profit of Rs. 30,000. <br /><br />This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&rdquo; she said.<br /><br />The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.<br /><br />According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.<br /><br />&ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&rdquo; he added.<br /><br />Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.<br /><br />&ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&rdquo; said Pravesh Sharma, former head of the Small Farmers&rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.<br /><br />&ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&rdquo; Sharma added.<br /><br />A change may not be far off. The Union budget presented last month has signalled the government&rsquo;s intent to radically reform agriculture marketing.<br /><br />Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. </div><div align="justify">&nbsp;</div><div align="justify"><em>Livemint.com, 3 March, 2017, please <a href="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html" title="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html">click here</a> to access </em><br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 33222,
		'title' => 'Farmers are using futures contracts to counter price risks -Sayantan Bera',
		'subheading' => '',
		'description' => '<div align="justify">
-Livemint.com<br />
<br />
<em>According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months<br />
<br />
New Delhi: </em>In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&rsquo; groups are using futures contracts to hedge against price dips during the harvest season.<br />
<br />
For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.<br />
<br />
In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&mdash;and the FPO made a tidy profit of Rs. 30,000. <br />
<br />
This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&rdquo; she said.<br />
<br />
The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.<br />
<br />
According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.<br />
<br />
&ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&rdquo; he added.<br />
<br />
Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.<br />
<br />
&ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&rdquo; said Pravesh Sharma, former head of the Small Farmers&rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.<br />
<br />
&ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&rdquo; Sharma added.<br />
<br />
A change may not be far off. The Union budget presented last month has signalled the government&rsquo;s intent to radically reform agriculture marketing.<br />
<br />
Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. 
</div>
<div align="justify">
&nbsp;
</div>
<div align="justify">
<em>Livemint.com, 3 March, 2017, please <a href="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html">click here</a> to access </em><br />
</div>',
		'credit_writer' => 'Livemint.com, 3 March, 2017, http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 22,
		'tag_keyword' => '',
		'seo_url' => 'farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4681311,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 33222,
	'metaTitle' => 'Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera',
	'metaKeywords' => 'Farmer-Producer Organization (FPO),Agriculture,farming,NCDEX,Future Trading',
	'metaDesc' => '
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered...',
	'disp' => '<div align="justify">-Livemint.com<br /><br /><em>According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months<br /><br />New Delhi: </em>In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&rsquo; groups are using futures contracts to hedge against price dips during the harvest season.<br /><br />For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.<br /><br />In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&mdash;and the FPO made a tidy profit of Rs. 30,000. <br /><br />This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&rdquo; she said.<br /><br />The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.<br /><br />According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.<br /><br />&ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&rdquo; he added.<br /><br />Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.<br /><br />&ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&rdquo; said Pravesh Sharma, former head of the Small Farmers&rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.<br /><br />&ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&rdquo; Sharma added.<br /><br />A change may not be far off. The Union budget presented last month has signalled the government&rsquo;s intent to radically reform agriculture marketing.<br /><br />Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. </div><div align="justify">&nbsp;</div><div align="justify"><em>Livemint.com, 3 March, 2017, please <a href="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html" title="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html">click here</a> to access </em><br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 33222,
	'title' => 'Farmers are using futures contracts to counter price risks -Sayantan Bera',
	'subheading' => '',
	'description' => '<div align="justify">
-Livemint.com<br />
<br />
<em>According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months<br />
<br />
New Delhi: </em>In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&rsquo; groups are using futures contracts to hedge against price dips during the harvest season.<br />
<br />
For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.<br />
<br />
In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&mdash;and the FPO made a tidy profit of Rs. 30,000. <br />
<br />
This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&rdquo; she said.<br />
<br />
The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.<br />
<br />
According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.<br />
<br />
&ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&rdquo; he added.<br />
<br />
Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.<br />
<br />
&ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&rdquo; said Pravesh Sharma, former head of the Small Farmers&rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.<br />
<br />
&ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&rdquo; Sharma added.<br />
<br />
A change may not be far off. The Union budget presented last month has signalled the government&rsquo;s intent to radically reform agriculture marketing.<br />
<br />
Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. 
</div>
<div align="justify">
&nbsp;
</div>
<div align="justify">
<em>Livemint.com, 3 March, 2017, please <a href="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html">click here</a> to access </em><br />
</div>',
	'credit_writer' => 'Livemint.com, 3 March, 2017, http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 22,
	'tag_keyword' => '',
	'seo_url' => 'farmers-are-using-futures-contracts-to-counter-price-risks-sayantan-bera-4681311',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4681311,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 33222
$metaTitle = 'Agriculture | Farmers are using futures contracts to counter price risks -Sayantan Bera'
$metaKeywords = 'Farmer-Producer Organization (FPO),Agriculture,farming,NCDEX,Future Trading'
$metaDesc = '
-Livemint.com

According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months

New Delhi: In a bumper crop year when farmers across the country have been battered...'
$disp = '<div align="justify">-Livemint.com<br /><br /><em>According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months<br /><br />New Delhi: </em>In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers&rsquo; groups are using futures contracts to hedge against price dips during the harvest season.<br /><br />For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later.<br /><br />In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal&mdash;and the FPO made a tidy profit of Rs. 30,000. <br /><br />This was a revelation for farmers like Savitri Goad, chairperson of the FPO. &ldquo;We did not know that a standing crop can be sold at a price decided by us even before the harvest,&rdquo; she said.<br /><br />The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further.<br /><br />According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months.<br /><br />&ldquo;We used futures to minimize price risks for our farmers which is severe during good harvest years,&rdquo; said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. &ldquo;We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,&rdquo; he added.<br /><br />Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink.<br /><br />&ldquo;We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,&rdquo; said Pravesh Sharma, former head of the Small Farmers&rsquo; Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets.<br /><br />&ldquo;The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,&rdquo; Sharma added.<br /><br />A change may not be far off. The Union budget presented last month has signalled the government&rsquo;s intent to radically reform agriculture marketing.<br /><br />Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities. </div><div align="justify">&nbsp;</div><div align="justify"><em>Livemint.com, 3 March, 2017, please <a href="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html" title="http://www.livemint.com/Politics/B6x9XEqdeYkmFVn3enK20K/Farmers-are-using-futures-contracts-to-counter-price-risks.html">click here</a> to access </em><br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

Farmers are using futures contracts to counter price risks -Sayantan Bera

-Livemint.com According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months New Delhi: In a bumper crop year when farmers across the country have been battered by lower crop prices, farmers’ groups are using futures contracts to hedge against price dips during the harvest season. For instance, Samriddhi Mahila Crop Production Co. Ltd, a farmer-producer organization (FPO) for women in Bundi district of Rajasthan with 2,300 members, used the futures market to sell produce at prices that were higher than what wholesale markets offered two months later. In September, it sold 100 quintals of soybean on the NCDEX (National Commodities and Derivates Exchange) futures platform at Rs3,300 per quintal. By November, when markets were flooded with soybean following a record crop, prices had fallen to Rs. 3,000 per quintal—and the FPO made a tidy profit of Rs. 30,000. This was a revelation for farmers like Savitri Goad, chairperson of the FPO. “We did not know that a standing crop can be sold at a price decided by us even before the harvest,” she said. The experience prompted the group to take more positions: since January the FPO has sold 400 quintals of mustard on NCDEX for delivery in April, at Rs3,900 per quintal. The current mandi or spot price for mustard is Rs3,500 per quintal and a record harvest means prices may dip further. According to NCDEX, over 25,000 small and marginal farmers from 13 FPOs have successfully hedged their crops on its trading platform in the past 10 months. “We used futures to minimize price risks for our farmers which is severe during good harvest years,” said Souvik Dhar from the non-profit Srijan, which helps the Bundi-based FPO in its operations. “We wish pulses were allowed too. Urad prices have halved compared to last year and our farmers are selling at lower than government support prices,” he added. Currently rules do not allow futures trading in pulses and rice over fears it may lead to speculation or stoke inflation, but experts suggest a rethink. “We need to allow futures and forward markets for a wider variety of crops and promote it aggressively,” said Pravesh Sharma, former head of the Small Farmers’ Agribusiness Consortium, a specialized agency of the agriculture ministry tasked with creating FPOs and linking them to markets. “The government has to understand that while individual farmers cannot take positions (due to limited scale of produce) groups of farmers registered as FPOs will be attracted when more crops are allowed. State agencies can procure only in limited quantities (like in pulses) and the futures market can efficiently signal prices and help farmers make better crop choices,” Sharma added. A change may not be far off. The Union budget presented last month has signalled the government’s intent to radically reform agriculture marketing. Planned reforms include a new model law on contract farming that states can adopt, and the establishment of a committee to find ways to integrate spot and derivatives market for trading in agricultural commodities.   Livemint.com, 3 March, 2017, please click here to access