AGRIN was involved in this project in 1999 as a joint-venture partner with Chemonics Inc. of USA. Project objectives are; (a) increase the marketing efficiency of grains and cotton through selected commodity exchanges by introducing improved systems of price discovery, dematerialized trade, and regulatory oversight; (b) demonstrate the benefits resulting from increased private commodity marketing; and (c) provide a model for development of other private exchanges, and impetus for government to withdraw from its intervention in the marketing of other commodities.
Following reports were prepared by AGRIN experts as the output of the study: i) investment plans for seven exchanges, ii) legal framework for agricultural commodities, iii) Standards for wheat and cotton, and iv) forward markets