A Study on Volatility of Selected Indian Agricultural Commodity Prices in India at Pattern Effects Labs Pvt. Ltd., Bangalore.

Abstract

The trading in commodity market usually works around primary economic sector. Agricultural products are the soft commodities. With commodity being such a widely used article, it is traded in over more than 50 markets worldwide. The topic undertaken for the research and study is: “A Study on volatility of selected Indian agricultural commodity prices in India.” Present study is undertaken for analyzing the behavior of the individual commodity prices and their relative impact on the agricultural commodity index price in NCDEX. India being an agro heavy country, the progress and development of the agriculture have a riveting impact on the GDP of the nation. The agricultural index actively affects the GDP and can be considered as the real time indicator of the Nations growth considering the fact that more than 60% of India’s economy is contributed by the agricultural industry. For the purpose of analysis, data considered dates from 1st Jan 2015 to 31st Dec 2017, spanning over a period of 3 years.