ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Mekhala KrishnamurthySubscribe to Mekhala Krishnamurthy

Understanding Agricultural Commodity Markets

In recent years, agricultural markets in India have grown in size and complexity, not only in terms of volumes and commodities traded but also in terms of regulatory reforms and a proliferation of new marketing channels and arrangements, with new and evolving roles played by both state and private players. A new generation of theoretically-grounded empirical research is urgently needed to make sense of these rapidly changing agricultural markets and their linkages. Such a renewed agenda, moreover, must both build systematically on the insights of previous work and engage with the new and emerging features and forces shaping diverse commodity markets and regions. The papers in this special issue make a small contribution in this direction.

States of Wheat

Madhya Pradesh has emerged as one of the leading wheat procurement states in the country in the last five years, reflecting remarkable changes in the regional distribution and dynamics of the country's grain procurement landscape. Drawing on ethnographic fieldwork conducted in Harda Mandi, this paper describes the new systems and processes that have been implemented in the market yard and examines their effects on the mandi and key participants - farmers, traders, labourers, functionaries, and multiple state agencies. By focusing on the logistics and micropractices of procurement, it grasps the interconnections between critical elements of market processes and their impact on market participation and outcomes.
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