| Africommex market format |
| All Rights Reserved © Copyright AfriCommex 2008 |
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| Africa Commodity Exchange |
| Agricultural commodity prices expected to remain high New OECD/FAO outlook says prices may become more volatile. Agricultural commodity prices should ease from their recent record peaks but over the next 10 years they are expected to average well above their mean levels of the past decade, according to the latest Agricultural Outlook from OECD and the UN Food and Agriculture Organization (FAO). Current high food prices will hit the poor and hungry people hardest, particularly urban net food buyers and rural non-food producers in low income countries. Humanitarian aid must be urgently mobilized to face this dramatic situation, but to find sustainable solutions and avoid similar cases in the future, the emphasis in these countries must be on boosting agricultural production and productivity as well as growth and broader economic development. “The way to address rising food prices is not through protectionism but to open up agricultural markets and to free up the productive capacity of farmers, who have proven repeatedly that they will respond to market incentives,” “Governments can also do more to foster growth and development in poor countries, so as to improve the purchasing power of the most vulnerable food buyers.” |
Africommex Futures
The futures contracts of commodities acts as a reliable, transparent and efficient price risk management tool. Futures contracts helps to hedge
the price risks. It benefits the market participants with price risk management and better price discovery.
Future prices of commodities helps farmers and traders to :
• To Cover Commodity Price Risk
• Protection from downside price risk for futures sales of commodities/ produce
• Protection from upside price risk for future purchases of commodities/ produce
• Protection from downside price risk on stored commodity
The following information are made available :
Field Name Description
Commodity : Name of the commodites that are getting traded in AfriCommex
Contract Month : Futures contracts of commodities are identified by its contracts. Each of the contracts have an expiry date
and month attached to it. For eg Sorghum 28 -JAN-2009 contract month refers to the expiry of the said contract in the month of January 31,
2009.
Open/High/ Low : The related prices of open price / high price and low price achieved by the particular commodity contract on
a given particular day.
LTP(Last Traded Price) : The last price at which the contract has got traded
PCP(Previous Close Price) : Last Previous days price of the contract
% change : Difference between the last traded price and previous close price
The futures contracts of commodities acts as a reliable, transparent and efficient price risk management tool. Futures contracts helps to hedge
the price risks. It benefits the market participants with price risk management and better price discovery.
Future prices of commodities helps farmers and traders to :
• To Cover Commodity Price Risk
• Protection from downside price risk for futures sales of commodities/ produce
• Protection from upside price risk for future purchases of commodities/ produce
• Protection from downside price risk on stored commodity
The following information are made available :
Field Name Description
Commodity : Name of the commodites that are getting traded in AfriCommex
Contract Month : Futures contracts of commodities are identified by its contracts. Each of the contracts have an expiry date
and month attached to it. For eg Sorghum 28 -JAN-2009 contract month refers to the expiry of the said contract in the month of January 31,
2009.
Open/High/ Low : The related prices of open price / high price and low price achieved by the particular commodity contract on
a given particular day.
LTP(Last Traded Price) : The last price at which the contract has got traded
PCP(Previous Close Price) : Last Previous days price of the contract
% change : Difference between the last traded price and previous close price