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Viewpoint: Futures Contracts For Agricultural Commodities - Is The Time Ripe For South Africa?

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  • van der Vyver, Andre

Abstract

Arguing a case for or against a futures contract for an agricultural commodity in South Africa is made exceptionally difficult because of the lack of research and knowledge on the subject locally. This is further complicated because it involves different disciplines as well as a dependence on international experience. Nonetheless, there are certain requirements that are essential for the successful implementation of an agricultural contract. The most important are: A free market, liquidity, structure of the industry and price risk, followed by location, type of market operation, training and public relations, clearing house, product characteristics, international interaction and legislation. Based on these requirements there are at present certain commodities which are more suitable than others. They are wool, mohair, meat and potatoes. However, it will require more detailed analysis to accurately determine their potential.

Suggested Citation

  • van der Vyver, Andre, 1994. "Viewpoint: Futures Contracts For Agricultural Commodities - Is The Time Ripe For South Africa?," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 33(1), March.
    • Handle: RePEc:ags:agreko:267705
    DOI: 10.22004/ag.econ.267705
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    References listed on IDEAS

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    1. Frank, Deon, 1992. "Agricultural Commodity Futures Markets In South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 31(4), December.
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    Cited by:

    1. Nordier, Jean-Pierre, 2021. "Identifying possible misspecification in South African soybean oil future contracts," Research Theses 334756, Collaborative Masters Program in Agricultural and Applied Economics.

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