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Agricultural commodities exchange & futures
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deadpoet
#1 Posted : Tuesday, January 08, 2013 7:40:59 AM
Rank: Member

Joined: 9/27/2006
Posts: 506
Anyone know when the CMA is going to implement futures and forwards contracts? The commodities exchange exists and publishes wholesale prices daily. Only thing missing to capitalise on the data available by hedging prices between two different areas e.g. Nakuru and Kisumu
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murchr
#2 Posted : Monday, June 18, 2018 7:45:11 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
SMH
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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maka
#3 Posted : Monday, June 18, 2018 7:57:51 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
murchr wrote:
SMH
smile Sema...
possunt quia posse videntur
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murchr
#4 Posted : Monday, June 18, 2018 11:12:56 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
maka wrote:
murchr wrote:
SMH
smile Sema...
5yrs later. We're crazy slow
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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whiteowl
#5 Posted : Monday, June 18, 2018 11:49:41 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
murchr wrote:
maka wrote:
murchr wrote:
SMH
smile Sema...
5yrs later. We're crazy slow
Vision 3020
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tony stark
#6 Posted : Tuesday, June 19, 2018 3:09:34 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
deadpoet wrote:
Anyone know when the CMA is going to implement futures and forwards contracts? The commodities exchange exists and publishes wholesale prices daily. Only thing missing to capitalise on the data available by hedging prices between two different areas e.g. Nakuru and Kisumu
I think the challenge is that the market is dominated by many small players. Despite prices being available it would be difficult to buy a tonne of cabbage. Even when you do get a few people who can meet your order they don't understand contracts or rather they don't abide to contracts. I think that is the underlying challenge in why futures aren't working in Kenya.
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Gathige
#7 Posted : Tuesday, June 19, 2018 3:42:43 AM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
tony stark wrote:
deadpoet wrote:
Anyone know when the CMA is going to implement futures and forwards contracts? The commodities exchange exists and publishes wholesale prices daily. Only thing missing to capitalise on the data available by hedging prices between two different areas e.g. Nakuru and Kisumu
I think the challenge is that the market is dominated by many small players. Despite prices being available it would be difficult to buy a tonne of cabbage. Even when you do get a few people who can meet your order they don't understand contracts or rather they don't abide to contracts. I think that is the underlying challenge in why futures aren't working in Kenya.
Another hindrance is that some of the major commodities like wheat, maize, rice , sugar etc are controlled by barons and cartels who trade in the opaque market and shun the open market.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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