Utilización de mercado de futuro para cobertura de precios en contratos físicos
This document report on the experience gained, since 1991, in the marketing of coffe in El Salvador and some of the other countries of Central America. It can be assumed that the marketing problems faced by both growers and the participants in the agroindustrial chain are the same as in other Latin American countries; therefore, the strategies designed to solve them are practically the same. The objective of the document is to disseminate the experience gained over a period 10 years in the marketing of coffee in which credit, processing, storage, speculation in search of better prices, and lastly, the hedging on futures markets, have been the focus. The first part of the document offers an overview of the marketing systems, in particular, the process involved in financing production and marketing. This is followed by a description of the experience gained in dealing with the extreme volatility of coffee prices on the international market, and its impact on producers, processors and sources of financing. It concludes by presenting the actions carried out with and the services provided to the different participants in the trade commercial chain. The second part presents a model, or sequences of activities, which commodity exchanges can implemented to begin hedging prices, as a means of reducing the risks posed by their variation. It is believed that such variation has more of an adverse effect than anything else on producers and, in general, all those who, at some point, have stocks or depend on purchases of raw materials to produce goods they have sold in advance. Emphasis is placed on the fact that price hedging is a useful tool not only for farmers, but also, for industrialists, middlemen, operators of storage facilites, credit agents and exporters. Hence, commodity exchanges and commodity brokers should promote its use
| Main Authors: | , |
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| Format: | Texto biblioteca |
| Language: | spa |
| Published: |
San José (Costa Rica) IICA
2000
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| Subjects: | OPERACIONES A PLAZO, RIESGO, CAFE, JUNTAS DE COMERCIALIZACION, , |
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