Pricing mechanisms in commodity markets
Author(s)/Corporate Author (s)United Nations. Economic and Social Council;
United Nations. Economic Commission for Africa.;
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The present paper focuses on the pricing mechanism of the terminal markets which is applicable to several agricultural and mineral commodities. Five sections concern, respectively, a description of commodity exchanges, price formation and manipulation, surveillance of the main futures markets, some examples of speculation on commodity exchange and conclusions: implications for developing producing countries.