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Weather Market in India

Agenda. BackgroundExamples of Weather Insurance in IndiaIssuesInitiatives. Weather Markets The Need. FarmersAgriculture credit off-take in ninth plan Rs. 2,31,798 crores (grew @ 20% pa); Target for X plan Rs. 7,36,570 crores90% crop losses on account of weather related risksRural Eco

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Weather Market in India

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    1. Weather Market in India Weather Risk Management Services Pvt. Ltd.

    2. Agenda Background Examples of Weather Insurance in India Issues Initiatives

    3. Weather Markets – The Need Farmers Agriculture credit off-take in ninth plan – Rs. 2,31,798 crores (grew @ 20% pa); Target for X plan – Rs. 7,36,570 crores 90% crop losses on account of weather related risks Rural Economy is highly weather dependent Limited success of area yield based crop insurance Commodity Traders Weather related supply bottlenecks make dry-land commodities very volatile Intraday volatility of Guar, chilly touches 10-15% (daily trading at national exchanges touches Rs.1000 crore daily) Vegetable and fruit Mandis highly dependent on temperature (Delhi Mandi trade alone touches Rs.1000 crore annually) Trader income dependent on weather vagaries Industries like agro-input companies, food processing industry, companies, plantations, FMCG, Banks, Power sector etc Not uncommon to find Agri-Input companies, whose sale dips by over 30-40% due to fluctuation in rainfall

    4. Weather Markets – The Need

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