Why India still does not set global agri commodity prices is a question that impacts markets, farmers, businesses, and the future of India’s economy.In this episode of The Core Report Weekend Edition, Financial Journalist Govindraj Ethiraj speaks with Arun Raste, CEO, National Commodity & Derivatives Exchange to break down India’s agri commodity markets, price discovery, and why India is not yet a global price setter despite its massive scale.From the impact of the West Asia conflict and the Russia Ukraine war to rising edible oil prices, supply chain disruptions, and fertiliser risks, this conversation explains how global events directly affect India’s commodity markets and food prices.You’ll learn how National Commodity and Derivatives Exchange works, how farmers use mandi price signals and monsoon data to make crop decisions, and why commodities like soybean, guar, turmeric, castor seed, cotton, and pepper are critical to India’s position in global trade.
(00:00) Introduction(01:15) Impact of Global Conflict on Agri-Commodity Trading(03:40) NCDX Price Discovery Explained(06:24) Price Discovery: Inside vs Outside System (12:18) Top Commodities on NCDEX(15:50) Other Key Commodities & Seasonal Trends(23:30) NCDX’s focus on weather derivatives(29:45) Commodities Outlook & TrendsWatch till the end to understand how India can move from being a price taker to a price maker in global agri commodities.Subscribe for deep insights on India economy, markets, and business trends.
