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Your friend has Barley wholesale business and is planning to buy Barley crop directly from farmers after the harvest. He is worried about the price

Your friend has Barley wholesale business and is planning to buy Barley crop directly from farmers after the harvest. He is worried about the price rise of Barley in future between now and harvest time. Discuss the approach your friend should take in financial markets to protect from risk. Support your strategy with any example to explain your friend your strategy?

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