Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzMzODcxMTQwXzcyMEIxMzg3] [b]Financial Manipulation: How the Commodity Futures Markets Impoverish Indian Farmers[/b] By Kavaljit Singh October 10, 2012 Thousands of guar farmers in India are today caught in a vicious cycle fuelled by the spectacular rise in the prices of guar seed and guar gum products during the six months period between October 2011 and March 2012. The prices of guar seed (Cyamopsis tetragonoloba) and guar gum (extracted from guar seed) rose over 900 percent in the futures markets during this period largely due to speculative buying (coupled with market manipulation through circular trading, cross deals and other market abusive practices) by big traders and non-commercial players. The rally in the prices came to an end when Forward Markets Commission (FMC), the commodity derivatives market regulator, suspended the guar futures trading on March 27, 2012. For a detailed account of speculative feeding frenzy and price rigging practices in guar futures contracts, see Excessive Speculation and Market Manipulation: The Guar Futures Trading Fiasco. Last year, the guar farmers did not benefit from the price hike as they had sold their produce several weeks before prices began spiraling upward in the commodity futures markets in late October 2011. [b] The Euphoria[/b] Anticipating a similar price hike this year, thousands of farmers in Rajasthan, Haryana and Punjab shifted to guar cultivation. Such was the euphoria of last year unprecedented price boom that several farmers in far away states and different agro-climatic regions (such as Madhya Pradesh and Andhra Pradesh) also shifted to guar cultivation. Many guar farmers took short-term loans (with higher interest rates) from local moneylenders and financiers to buy seeds at much higher prices than last year. “For the first time, we cultivated guar on all 125 acres of family landholding with the hope of benefitting from higher prices,” said Surendra Kumar Chaudhary, a big farmer from Khajuwala tehsil of Bikaner district (Rajasthan). “We were encouraged by traders, seed companies, processing units and local government officials to go full swing into guar cultivation and reap the benefits from higher prices.” In early 2012, some guar gum processing units in Rajasthan even promised to buy the entire crop at a higher support price. [b]CONTINUE: http://www.globalresearch.ca/financial-manipulation-how-the-commodity-futures-markets-impoverishes-indian-farmers/5307805[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Obama Just Made a Terrifying Announcement – This Isn’t Good
OBAMA’S ‘WEDDING RING’ Is Inscribed: “THERE IS NO GOD BUT ALLAH”
Does Eye Color Predict How You Respond To Pain?
Democratic Senator Leaves Party, Joins Republicans - See Why
Islamic State Radicalizes ‘Thousands’ in United States
"We have apparently raised a generation of snowflakes so fragile that their psyches can’t handle offensive words or photographs or images."
Matt Drudge Releases Cryptic Tweet About U.S. and Islamic State
Muslim sues over reprimand for henna ink, Says hospital violated her right to exercise religion
Animal Magnetic Sense Comes from Protein That Acts as a Compass
More Than 1 In 4 Americans Believe Government Is The Enemy
Is Big Pharma About To Be Banned From Advertising Drugs?
Ban on Tuna Labeled Dolphin-Safe Shows How TPP Will Crush Consumer Rights
Amazon pulls ‘Nazi’ TV show ads from NYC subway after complaints
Kids Are Dressing Up Street Poles With Coats To Help The Homeless Prepare For Winter
Flu shots and chemotherapy are 'systemic health care frauds' warns Mike Adams ...
In Just Under 4 Minutes, CBS News Anchor Explains How and Why the US Created ISIS
United Nations plans require biometric identification and birth registration ...
Los Angeles airport to build special terminal just for celebrities
"Smart" apartments are spying on everything you do
Is the New UN ‘Hub’ in D.C. a Step Toward World Government?
Surgery Could Give Men Wombs of Their Own Within 5 Years
Will Antichrist Use ISIS Terrorism To Facilitate His Arrival?
After 5000 Quakes, Experts Sound the Alarm For Oklahoma! Prepare for the BIG ONE!
Exploring Advanced Ancient Life and Aliens In Peru
Govt Denies Hungry Families Thanksgiving Food Because a Pro-Cannabis Group Donated I
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.008s (12 queries)