Food production was augmented with using technology and improved efficient tools after the Industrial Revolution. The economic development was at par with the population growth. The living standards also started to rise. The increase in production resulted in the need for more storage space and also efficient transportation of the food grains. Initially cash markets were able to handle these needs and with the passage of time, the ever growing production and large quantities of produce necessitated the future markets to regulate the price, quality and distribution of the bumper harvests. The purchasers have found a way to steer clear of the price. The commodity price was locked in well in advance of the time they were actually needed. The trader can profit taking advantage of any fluctuation in the prices by buying or selling the commodities according to the situation.
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