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A Futures Market For Maize In South Africa

Author

Listed:
  • van der Vyver, A.
  • van Zyl, J.

Abstract

A futures market can potentially alleviate some of the existing marketing problems in respect of maize, particularly with regard to price risks. The futures market does not function separately from the price-fixing system. The cash price, forward contract price and future price are interdependent. In theory little fault can be found with the operation of a futures market. An option scheme may increase the potential benefits of a futures market. However, before a futures market can be implemented, certain requirements must be met, inter alia, a freer market, sufficient liquidity, the training of the parties concerned and an efficient information system.

Suggested Citation

  • van der Vyver, A. & van Zyl, J., 1989. "A Futures Market For Maize In South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 28(1), February.
    • Handle: RePEc:ags:agreko:267237
    DOI: 10.22004/ag.econ.267237
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    Cited by:

    1. Sihlongonyane, L.N., 2021. "Evaluating the prospect to hedge maize price risk against the Johannesburg Stock Exchange Commodity Derivatives Market prices: The case of Eswatini," Research Theses 334770, Collaborative Masters Program in Agricultural and Applied Economics.

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    Keywords

    Crop Production/Industries; Marketing;

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