Netaji Subhash Regional Institute of Cooperative Management (NSRICM-Kalyani) of West Bengal recently conducted a District-wise Workshop on “Commodity Derivatives Market” sponsored by Securities and Exchange Board of India (SEBI)-Mumbai in the Hoogly district.
The commodities such as Turmeric and Maize were discussed in detail so as to make the trainees aware of the benefits of the Derivatives Market for Price Discovery, Future Price, Market Price as well as better market for the produce.
The participants were Turmeric & Maiz growing Farmers, Cooperative Society Members, and others.
Several experts who urged the farmers to engage in farming of turmeric and maize and underlined the importance of such training programs included Anup Kumar Hati, Chief Consultant, of Vivekananda S.K.U.S, S. K. Das, Chairman of the Society and Guruprasad Dasgupta, Secretary of Vivekananda S.K.U.S, attended the event.
Speaking on the occasion, Dr. I. A. Khan, Course Director and Sr. Faculty Member of the Institute, among other things, discussed Production and Consumption of Commodity Value Chain in Commodity Factor affecting prices of commodity Risk and Challenges in physical commodity market for various stake holders etc.
Participants shared their views about the program and wanted more of such programs to be held in future. A vote of thanks was moved at the end of the programme.