Commodity futures markets plays an important role in price discovery, the information on which helps the producers to plan their activities on production, processing, storage and marketing of commodities. This study attempts to assess the futures and spot price linkages for pepper, guar seed and chana by using the Johansen Cointegration analysis and Vector Error Correction Model.

The triumph of dairy industry is extremely influenced by operations, viz., procurement of milk, processing and distribution of milk and its products. Among these three components, milk procurement is the edifice of the dairy industry on which economic efficiency of dairy industry lies. Efficiency of milk procurement is heavily dependent on the operational efficiency, viz., milk collection, transportation, chilling and reception of milk. Oct-Dec 2007