The study, inter alia, sets out to identify the factors responsible for price and quantity volatility of the exchange-traded farm products in Indian market, the role of futures markets in price discovery and to suggest a strategy for efficient mechanism of risk management and price dissemination for the welfare of the farming community. The analysis was done by using different statistical tools, viz., standard deviation, skewness and kurtosis, coefficient of determination, JB test, regression analysis, optimal hedge ratio and hedging effectiveness. The study reveals that hedging helps to even...