 "sebi")
Weather disturbances during the past few years have again revived the debate on the need for launching derivatives based on atmospheric changes, as these products allow traders, farmers and companies to hedge the incumbent risks. A Sebi official said, “Weather derivatives are a work in progress. The issue has been debated from time to time. We took up the matter at the commodity advisory committee level and need to look at it again.”
The rise and fall in temperatures beyond a range, or abnormal monsoon trends are risky for farmers as well as many industries and weather derivatives or weather
