Answers
Aristotle's philosophy on exchange value. [(c-m-c), or commodity for money, and that money for commodity.]
---please make sure the example is a really good one for present day and usable in a philosophy paper! thank you!
Money as a store of labor.
Will work for food and board. It's coming, yeah, you know it is.
Sunil Agrawal of i4 Infotech speaks of this project to increase incomes of 5000 tribal families using mobile text messaging, the internet and ...
what are the financial aspects involved in a commodity exchange market? how can i better understand the limitations of the commodity exchange? what are the reasons for unequal trading? can you please help me with any related websites .
When you ask about Commodity exchages I have to assume two things either you know more about other type of exchanges or you don't know much about any exchanges. I shall assume the latter so that many lines of answer can be avoided.
An exchange is a place where the buyers and sellers of a financial product, commodity, precious metal, bonds etc; come together to bargain on a best price on which they can execute either a sale or a buy.
In commodity exchanges this is what happens buyers and sellers of either corn, soya, hog, maize all USA and in India rubber, cardamom, pepper, groundnut, dal etc; come together to make the buy or sale on bargained prices.
In each of the above there is a specified quantity for each like a bushel of wheat or 100 hog heads making one sale.
In India it is the Mercantile exchange or MCX where the commodities are traded. They trade in what is called derivative futures. So here a buyer or sell can make a buy or sell on a future date on a predetermined price.
So if I am a cardamom planter and has a cropping in three moths time and if I feel the price is going to go down, then I can sell cardamom future now three months ahead. The buyer of the future bets against it. In actuality if the price go down he will loose on the holding of the cardamom in his hand but he gains by selling futures earlier and thus hedge protects him from price movements.
One can also speculate here by doing the buy and sale of futures without actual commodity in hand to deliver.
doing commodity exchange business is good or bad,when it compared to share business.then what is the minimum amount have to invest in commodity,give urs valuable suggestions.
with regards
vignash
If you study the market for 5 years you might only lose $100 a day instead of losing $1000/day.
any other interesting information on commodity exchanges in india will also be useful as i have to make a really big project!
I suggest you visit an exhange website and read what they have available there, if can't find enough on the particular exchange then take a look at http://www.cme.com or any other major US derivatives exchange.
In brief, clearing members are those firms who clear trades on the exchange. They are the ones and only ones that deal with the exchange's clearing house.
Trading members (non-clearing) trade directly on the exchange, but they still have to have an account with a clearing member to clear their trades.
Suppose the instant price in USD is 13.57 per Ounce and MCX price is 18300 INR per Kg. The INR price should be
13.57X39.90 (Current Exchange price)x 31 app (Conversion Factor). But it is not so. It comes to 16784 whereas the actual is 18300 INR. How the difference is explained?
from the archives:
The dollar price is the ounce price. First convert the ounce into grams and then use the exchange rate. Then you will arrive at the price determined...
Does this help any?
Ethiopian Commodity Exchange is big business not a charitable organization
Ppearing October 1 on the first agricultural plenary panel in the summit’s history, Gabre-Madhin said restoring this value chain is the core mission of the commodity exchange, which is a domestic marketing system aimed at bringing value back to the producer. And she sees ECX as a working model that can be applied to other African markets.
To illustrate her point, she told a short story: “On my last trip to Washington, I was looking at a label of … a specialty coffee blend in the supermarket, and it was described on the label as a coffee with exotic citrus and floral notes,” something she said most small farmers in Ethiopia know nothing about.
“Our market in our country does not sell that coffee in any way denoted as having citrus notes, and yet those citrus notes were not acquired anywhere in the chain except at the origin of the chain in the very soil of our country and in the very trees and plants that produce that coffee. So our challenge as a marketing system and as a commodity exchange in Ethiopia is how to capture that value from the end of the chain, from the consumers … and how to bring that back to the beginning of that chain” so farmers can get a share of it.
Indian Commodity Exchange receives recognition | Opalesque ...
From Equitybulls.com: Indiabulls Monetary Services Ltd has announced that the Elders of the church of Consumer Affairs, Edibles and Buyers Disposition, Determined of Consumer Affairs, vide its communication dated October 09, 2009, has granted detection to Indian Commodity Exchange Ltd. (ICEX), NCR, Gurgaon, under Into the open Contracts (Pronouncement) Act, 1952.
News
Copper futures up 0.8% on global cuesHindu Business Line - Oct 14, 2009
NEW DELHI: Copper futures on Wednesday rose another 0.82 per cent on the Multi Commodity Exchange as traders engaged in enlarging their positions driven by METALS-Copper gains on weak dollar, China importsUS equity markets boost base metalsChina copper imports shoot up on high demand -all 108 news articles »Forbes - Oct 14, 2009
Daily NationSugar and cocoa also surged as funds cut selling in the two soft commodity markets on talk that more fund money was headed their way to push prices higher. Oil reaches 2009 high above $75Oil Rises to Seven-Week High as Global Demand Is Revised HigherAs Oil Stays Strong; Staying Bullish - -all 1,326 news articles »
Hindu Business Line - Oct 14, 2009
Thaindian.comNEW DELHI: The country's three major commodity exchanges — Multi-Commodity Exchange, National Multi-Commodity Exchange and NCDEX — will have a special Markets to hold special Diwali trading session SaturdayBSE to conduct Muhurat trading on Diwaliall 9 news articles »
Wall Street Journal - Oct 12, 2009
The trading floor of the Zhengzhou Commodity Exchange is deceptively sleepy for one of the world's busiest futures markets; it trades electronically. China lends guiding hand to futures marketsall 3 news articles »Forbes - Oct 14, 2009
AFPThe benchmark rubber contract on the Tokyo Commodity Exchange jumped to a one-year peak at 219.6 yen per kg ($2.46) on the high price for oil, the feedstock Gold at record as dollar slips; crude tops $74Gold reaches new high on weaker dollar; platinum rallies'Shock absorbers' prevent volatility in gold price - -all 636 news articles »