Changing Agri Commodity Market.....SAMANVAYA.....

Mr. Pradeep Srivastava and Mr. Shashi Shekhar Interacting with students at MANAGE

Mr.Pradeep Srivasatva, Senior Manager (Purchase), Britannia Industries Limited (BIL) was on campus on 13th August. He was accompanied by Mr. Shashi Shekhar, Manager (purchase) at BIL. Being a very affectionate alumni of PGPABM (batch 97-99) of MANAGE, he addressed the joint session of current 1st and 2nd year of PGPABM on changing agri-commodity markets, challenges in procurement of wheat etc. He also dwelt on the importance of developing insights and contrarian way of thinking while taking a view of the markets so that right decision on timing and price of buying can be taken. In his own words “Keep your eyes and ear open all the time to understand things better than others”. On being asked about the slowdown in economy he said that commodity inflation will require more vigil by managers and this makes the role of agri-business managers more vital. He said “Despite some signs of slowdown, this is the best time to be an agri-business manager”.
He particularly asked the students to build a strong foundation in Statistical tools and techniques because of their growing relevance in the complex markets of today. As an answer to a query he lauded the opening up of MCX spot exchanges and wished that it succeeds. In his view “Commodity exchanges are the future of trading in India” and bans on trading on wheat etc. are due to nascence of future markets here. “Things will improve with our growing understanding of how the markets work”.