“I think it’s the future for our financial system because it correlates with this development of digital economy,” Russia’s central bank governor, Elvira Nabiullina, said in June 2021.

Commodity price forecasts are widely used by businesses, governments and investors. In countries where one or a few commodities account for a large part of tax revenue (e.g., oil and mineral exporters), price forecasts often determine next year’s budget.

The price of tin traded on ICDX was observed to show a bullish trend throughout 2021, where the price of tin which was around $21,000 at the beginning of the year continued to climb up to penetrate the level above $35,000 at the close of the 1st semester of 2021. In terms of volume, tin exports carried out through ICDX also show positive performance. The total export volume in the first semester of this year reached 12,866.93 metric tons, an increase of 202 percent compared to the second semester of last year.

In India, marginal farmers are farmers cultivating (as owner, tenant or sharecropper) agricultural land less than a hectare. They account for 63% of land holdings and an even larger part of the agricultural workforce. They tend to be poor, and many are illiterate. They operate in difficult market conditions, with weak support infrastructure and poor access to credit.

If past eras could be characterized as the Stone Age, Bronze Age and Iron Age, then we currently live in the Crude Age. And just like “The stone age did not end because the world ran out of stones,

When you simulate price risk management using a simple decision-making model, it has a negligible impact on the average price that a producer receives over a couple of years, or that an end user would pay on average during a multi-year period.

Most commodity futures markets exhibit what can be described as a whiplash effect. At times, the price for a nearby futures contract is lower than that of further-away months, at other times, the nearby contracts trade at higher prices than the further-away months, and in yet other instances, the forward price curve has the shape of a lopsided smile.

From their inception, commodity futures markets have been accused of being gambling dens.