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 >>
Eleventh Hour Drama For Net Neutrality
Cyber Bullying Legislation Passes PA House. House Bill 229 would make cyber harassment of a child a punishable offense
DNA Activation for the Golden Age
Are We Living In A Holographic Universe?
Scientists Fear CIA Funding Geoengineering to Control ‘Weaponized Weather’
IBM Watson Dehumanizing Veterans Care
Max Keiser: Welcome to the New World Order
Forced Adult Vaccinations at Federal Levels
The Media Is "Run By A Tiny Group Of Politically Motivated Moguls", And "Controlled By The CIA"
Inside The Food Industry: The Surprising Truth About What You Eat
Monday Feb 23 Will Be GLPVCs TheRawFeedLive's Last Show
Hollywood Studio Caught Producing ISIS Videos
A meteor going 45,000 MPH lit up the sky in western PA. You could see it from Ohio and New York!
America : Freedom to Fascism
Rapper Afroman Caught On Video Punching Woman At Nightclub
USDA Approves First GMO Apple For Planting
US Senator used old photos of Russian troops to push Ukraine war propaganda
New 9/11 Audio: FAA employees say Secret Service told them “Flight 93 hit Camp David”
Scientists seek international authority on climate geoengineering
Can world powers really control the weather?
NSA has ability to embed spying software in computer hard drives, including yours
Study: Junk Food more Deadly than War, Famine, Genocide
5 Ways Mass Surveillance Is Destroying Our Economy
Italian Senate moves to outlaw Holocaust denial
Most honey contains glyphosates, the main ingredient in Roundup
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 0.007s (12 queries)