GFM Network News

Indian customers purchase onions at a vegetable market last year. In September and October, farmers’ holding back of supplies of onions, a staple of many Indian dishes, forced the government to organize emergency supplies from China and Iran to calm record prices ahead of elections in five states.

Traders squeezed as Indian farmers turn stockpile gamblers

Access to low-interest capital allowing some farmers to wait rather than sell at lower prices immediately after harvest

Reading Time: 2 minutes Farmers such as 68-year-old Ghanshyam Gokale are quietly shaking up agricultural commodity trading in India, forcing the likes of top soybean processor Ruchi Soya to shift its business model away from futures contracts and towards the “spot” market. Gokale, and other prosperous growers like him, has stopped selling his crops immediately after harvesting. Instead, he […] Read more