Articles by M G Pavaskar

This paper attempts, on the basis of the findings of a survey undertaken by the authors in Dhulia and Jalgaon districts of Maharashtra, to examine the performance of the present marketing system in cotton with reference to the cost of marketing.

Assail Futures Market?
Futures markets have recently become targets of attack, being responsible for several maladies of the economy. Futures trading in many commodities has been, as a result, either statutorily prohibited or quietly discontinued for want of official sanction. Strange as it may seem, it is from organised private industry that attacks on futures markets have mostly emanated. The latest target has been the jute goods futures market On closer examination it is not so surprising after all that futures trading should become the object of attack by private industry. Futures markets, wide open to competitive buying and selling, defy domination by a firm or a group. So a dominant firm seeking to control its buying or selling prices must view a futures market as an obstacle.

Futures markets are time and again criticised for accentuating the vise, in commodity prices. The critics assume that there is a definite upward bias in futures price forecasts as a result of which ready prices are constantly pushed up above the levels at which they would rule in the absence of futures trading.