The scope of the journal extends to all commodities – agricultural, metals and industrial and to both physical (spot) and futures markets. As few developing country markets approach the textbook ideal of centralized, liquid markets with low transactions costs, the journal also welcomes analytical contributions on commodity supply chains that are alternatives to these idealised markets. The journal encourages papers that address global commodity market issues.
As developing countries liberalize their markets, demand has grown for an understanding of risks and their management. The economics of risk and insurance complements the research on commodity markets. The journal welcomes contributions that address risk management for individual entities as well as for governments. The risks need not always originate in markets - for example, the journal will publish work on weather derivatives and weather insurance because they matter so much for commodity markets.
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For instance, topics appropriate to the journal includes (but will not be limited to)
- Long-term movements in prices of primary products
- Commodity prices and inflation
- Commodity trade: cartelization and imperfect competition
- Microstructure of commodity markets
- Futures markets and price expectations
- Grading in agricultural markets, how are qualities established, government policies and welfare implications
- Using derivative markets for food security
- Hedge funds in commodity derivatives
- Commercial use of futures markets: who are the hedgers and what do they do?
- Settlement issues in futures markets: defining a spot price, adjusting for quality
- Biofuels and world commodity markets
- Issues in particular commodity markets: oil, wheat etc
- Demand projections for food staples in India
- The management of commodity price risks
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