• MARKET MAKERS
• BROKERS
• INSURANCE AND REINSURANCE COMPANIES.
• END USERS such as Gas and power marketers
and utilities etc
Weather Measures
An HDD (or CDD) is the number of degrees the day’s average temperature
is above (or below) a base temperature. They are calculated as follows:
Where,
• 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
• Commodity Traders