The role of international commodity exchanges in the formation and
transmission of prices and price risk along international coffee chains

Newman, Susan

Abstract

The 1990s has seen a shift in policy from multilateral price stabilisation schemes towards market liberalisation and private risk management strategies in the context of income stabilisation for agro-commodity exporting low-income countries. This paper argues that such a policy has failed to consider the uneven access of market actors to hedging instruments as well as changes in the structure and relationships between derivatives and cash markets for commodities that have serious implications on the way in which prices are formed and transmitted within the commodity system.

• Working Paper Type: Working Paper
• Publication Date: May 1, 2008
• Publicly Available Date: Jun 8, 2019
• Peer Reviewed: Not Peer Reviewed
• Keywords: international commodity exchanges, formation, transmission, prices, price risk, international coffee chains
• Public URL: https://uwe-repository.worktribe.com/output/1013010