PREMIUMS/DISCOUNTS AND PREDICTIVE ABILITY OF THE SHRIMP FUTURES MARKET

Seafood futures contracts are a novelty in the derivative markets, having shrimp as their only exponent. Unfortunately, shrimp futures contracts have suffered a disappointing start. The analyses focus on testing whether premiums/discounts for non-par deliverable shrimp size categories can eliminate cash price differentials, and whether the shrimp futures market can predict cash prices without bias. Results indicate ineffective premiums/discounts and predictive bias. These results and the momentous changes taking place in the seafood industry are contrasted to discuss the viability of seafood futures contracts.


Subject(s):
Issue Date:
2001-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31424
Published in:
Agricultural and Resource Economics Review, Volume 30, Number 2
Page range:
160-167
Total Pages:
8




 Record created 2017-04-01, last modified 2017-08-24

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