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- Title
Castor seeds Futures: NCDEX and NMCE.
- Authors
Kirithiga, S.; Azhagaiah, R.
- Abstract
This paper investigates the relationship between the castor seed futures of National Commodity and Derivatives Exchange (NCDEX) and National Multi Commodity Exchange (NMCE). The castor seed future prices of near-month contracts over a period of 5 years from September 2009 to August 2014 were collected from NCDEX and NMCE websites. The study applied correlation and error correction model (ECM) for analysis and the study result shows that there exists a long-run as well as short-run co-integration between the castor seed future prices in NCDEX and NMCE, proving that there is an arbitrageur or cross-hedging possibility between the two commodity exchanges in respect of castor seed futures in India.
- Publication
SCMS Journal of Indian Management, 2014, Vol 11, Issue 4, p38
- ISSN
0973-3167
- Publication type
Academic Journal