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Price Discovery and Price Risk Management Before and After Deregulation of the South African Maize Industry

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  • Alexander Behar

Abstract

The withdrawal of the Maize Board in 1996 meant that farmers could no longer rely on its pre-planting price or “voorskot†for price discovery and price risk management. Some have claimed (UNCTAD, 2007) that the South African Futures Exchange (SAFEX) can provide these functions. We test this claim and analyse the implications of it. To […]

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  • Alexander Behar, 2011. "Price Discovery and Price Risk Management Before and After Deregulation of the South African Maize Industry," Working Papers 263, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:263
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    More about this item

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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