On the relationship between weather and Agricultural Commodity Index in India: a study with reference to Dhaanya of NCDEX

Kathiravan, Chinnadurai, Selvam, Murugesan, Desti, Kannaiah, Lingaraja, Kasilingam, and Thanikachalam, Vadivel (2019) On the relationship between weather and Agricultural Commodity Index in India: a study with reference to Dhaanya of NCDEX. Quality and Quantity, 53 (2). pp. 667-683.

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Abstract

This paper proposes to investigate the Co Movement and Causal Relationship, among the three weather factors (temperature, humidity, and wind speed) and the returns of the Agriculture Commodity Index called Dhaanya, in India. The study employed the second- ary daily data of weather in five sample cities (Chennai, Mumbai, Delhi, Kolkata and Hyderabad), and Agriculture Commodity Index called Dhaanya, in India. Statistical tools like Descriptive Statistics, Unit Root, Correlation Matrix, and Granger Causality Test were employed. This study found that the temperature and wind speed influenced the inves- tors’ mood in Chennai and Mumbai, in respect of Agriculture Commodity Index, namely Dhaanya. The findings of this study would help the investors in making investment deci- sions rationally, on the basis of weather condition.

Item ID: 54368
Item Type: Article (Research - C1)
ISSN: 1573-7845
Keywords: weather factors; NCDEX; descriptive statistics; unit root test; correlation matrix; Granger causality test
Date Deposited: 28 Jun 2018 01:27
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1504 Commercial Services > 150401 Food and Hospitality Services @ 50%
14 ECONOMICS > 1499 Other Economics > 149999 Economics not elsewhere classified @ 50%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9103 International Trade > 910399 International Trade not elsewhere classified @ 50%
90 COMMERCIAL SERVICES AND TOURISM > 9001 Financial Services > 900199 Financial Services not elsewhere classified @ 50%
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