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An analytical research into the price risk management of the soft commodities futures markets

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dc.contributor.advisor Young, J. en
dc.contributor.advisor Wingard, H. C. en Rossouw, Werner en 2009-08-25T10:58:11Z 2009-08 2009-08-25T10:58:11Z 2007-11-30 en
dc.description.abstract Agriculture is of inestimable value to South Africa because it is a major source of job creation and plays a key role in earning foreign exchange. The most significant contribution of agriculture, and in particular maize, is its ability to provide food for the nation. For a number of decades government legislation determined prices, and as such the trade of grains on the futures exchange requires market participants to adapt to a volatile environment. The research focuses on the ability of market participants to effectively mitigate price volatility on the futures exchange through the use of derivative instruments, and the possibility of developing risk management strategies that will outperform the return offered by the market. The study shows that market participants are unable to use derivative instruments in such a way that price volatility is minimised. The findings of the study also indicate that the development of derivative risk management strategies could result in better returns than those offered by the market, mainly by exploiting trends on the futures market. en
dc.format.extent 1 online resource (viii, 213 leaves)
dc.language.iso en en
dc.subject Volatility en
dc.subject Soft commodities en
dc.subject SAFEX en
dc.subject Processors en
dc.subject Price risk management en
dc.subject indexing en
dc.subject Derivatives en
dc.subject Contract valuation en
dc.subject Benchmark en
dc.subject Average price en
dc.subject.ddc 338.130968
dc.subject.lcsh Agricultural prices -- South Africa
dc.subject.lcsh Risk management -- South Africa
dc.subject.lcsh Commodity futures -- South Africa
dc.subject.lcsh Futures market -- South Africa
dc.subject.lcsh Derivative securities -- South Africa
dc.title An analytical research into the price risk management of the soft commodities futures markets en
dc.type Dissertation en
dc.description.department Financial Accounting en M. Comm. (Business Management) en

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