Why does Colombia lack agricultural commodity futures?

This article explores the reasons why futures contracts are not traded as an alternative to price hedging for agricultural goods in Colombia. Based on surveys, interviews and statistical analysis, this study identified that conceptual gaps in contract negotiation, lack of consensus in the agricultur...

Full description

Autores:
Moreno-Alemay, Pablo
Peraira-Villa, Catherine
Tipo de recurso:
Article of journal
Fecha de publicación:
2015
Institución:
Universidad Católica de Colombia
Repositorio:
RIUCaC - Repositorio U. Católica
Idioma:
spa
OAI Identifier:
oai:repository.ucatolica.edu.co:10983/17533
Acceso en línea:
https://hdl.handle.net/10983/17533
Palabra clave:
MATERIAS PRIMAS AGRÍCOLAS
MERCADO DE FUTUROS
DERIVADOS
COBERTURA DE RIESGO
Rights
openAccess
License
Derechos Reservados - Universidad Católica de Colombia, 2015
Description
Summary:This article explores the reasons why futures contracts are not traded as an alternative to price hedging for agricultural goods in Colombia. Based on surveys, interviews and statistical analysis, this study identified that conceptual gaps in contract negotiation, lack of consensus in the agricultural sector regarding the use of financial mechanisms and the sector's infrequent contact with Colombia's financial institutions, are the main reasons why a futures contracts market has not emerged.