Why does Colombia lack agricultural commodity futures?

Moreno-Alemay, Pablo ^[1] ; Pereira-Villa, Catherine ^[1]
1. [1] Universidad de La Sabana
  
  Universidad de La Sabana
  
  Colombia
Localización: Revista Finanzas y Política Económica, ISSN-e 2248-6046, Vol. 7, Nº. 2, 2015, págs. 325-339
Idioma: español
Enlaces
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Resumen
- 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.