Wheat futures market in India fails to stabilize prices, hindering farmer participation.
The study looked at how wheat futures trading works in India. They checked if prices in India and the US are connected, and if Indian futures and spot markets are linked. They found that Indian spot and futures markets are connected, but US and Indian futures are not. The study also found that wheat futures trading did not help stabilize prices, even though it could help farmers predict prices and protect themselves from price changes. The researchers suggest that more farmers should be aware of futures trading and be encouraged to participate so they can benefit from it.