ISSN 2394-5125
 

Research Article 


A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi.

Abstract
Price discovery is the process of determining the price of a commodity security or asset by
competing buyers and sellers. The process of price discovery has gained considerable importance in commodity
market as it is linked to informational efficiency and arbitrage strategies. This study analyses whether Turmeric
futures market serves as a price discovery mechanism for spot market prices and vice versa. The analysis involves
the use of econometric tools like Augmented Dickey Fuller test (ADF), Granger Causality test and cointegration
technique. The daily closing data from 1
st April 2016 to 31st March 2018 have been used for the study. The study
reveals the existence of price discovery mechanism in turmeric market, where spot markets are more efficient in
discovering the price of turmeric.

Key words: Spot prices, Futures Prices, Turmeric, ADF test, Granger Causality test, Johansenís Cointegration


 
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How to Cite this Article
Pubmed Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi. A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET. JCR. 2020; 7(17): 1547-1551. doi:10.31838/jcr.07.17.195


Web Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi. A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET. http://www.jcreview.com/?mno=7708 [Access: May 30, 2021]. doi:10.31838/jcr.07.17.195


AMA (American Medical Association) Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi. A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET. JCR. 2020; 7(17): 1547-1551. doi:10.31838/jcr.07.17.195



Vancouver/ICMJE Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi. A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET. JCR. (2020), [cited May 30, 2021]; 7(17): 1547-1551. doi:10.31838/jcr.07.17.195



Harvard Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi (2020) A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET. JCR, 7 (17), 1547-1551. doi:10.31838/jcr.07.17.195



Turabian Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi. 2020. A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET. Journal of Critical Reviews, 7 (17), 1547-1551. doi:10.31838/jcr.07.17.195



Chicago Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi. "A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET." Journal of Critical Reviews 7 (2020), 1547-1551. doi:10.31838/jcr.07.17.195



MLA (The Modern Language Association) Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi. "A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET." Journal of Critical Reviews 7.17 (2020), 1547-1551. Print. doi:10.31838/jcr.07.17.195



APA (American Psychological Association) Style

D. Shalini, Dr. Deepthy.K, Dr.D. Jayanthi (2020) A STUDY OF PRICE DISCOVERY PROCESS IN COMMODITIES MARKET IN INDIA: A CASE STUDY OF TURMERIC MARKET. Journal of Critical Reviews, 7 (17), 1547-1551. doi:10.31838/jcr.07.17.195