Globally, future tradings have occupied a very important place to cope price risk. The year 2004 was a watershed in the history of commodity future market in India, when online trading was started. After the introduction of future trading, the whole price scenario was changed in the economy. The present study was carried out in two different era i. e. pre-future and post-future trading era. Time series data of wholesale price indices from 1998 to 2009 of selected agricultural commodities i. e. wheat, refined soy oil and chana were obtained from the website of the Office of Economic Advisor, Ministry of Commerce and Industry, Government of India, New Delhi. Compound growth rate (CGR) was calculated for each commodity for two different time periods. Major findings of the study revealed that the CGR for all the selected commodities was less during the pre-future period compared to the post-future period. However, it was statistically non-significant during both the periods, except of wheat during post-future period, which proved that introduction of future trading was not significantly responsible for increase in the wholesale price indices during post-future trading era. It was also found that WPI of selected agricultural commodities were higher during sowing season compared to harvesting period or peak arrival times.
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