The significance of commodity exchanges for trade in agricultural products in the Czech Republic, and prospects of their future development

The paper deals with the functioning of commodity exchanges in the Czech Republic, and is particularly concerned with exchanges trading in agricultural production commodities. The introductory part of the paper is oriented towards the theory and general structure of commodity exchanges; the other pa...

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Main Author: O. Rejnuš
Format: Article
Language:English
Published: Czech Academy of Agricultural Sciences 2002-10-01
Series:Agricultural Economics (AGRICECON)
Subjects:
Online Access:https://agricecon.agriculturejournals.cz/artkey/age-200210-0006_the-significance-of-commodity-exchanges-for-trade-in-agricultural-products-in-the-czech-republic-and-prospects.php
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author O. Rejnuš
author_facet O. Rejnuš
author_sort O. Rejnuš
collection DOAJ
description The paper deals with the functioning of commodity exchanges in the Czech Republic, and is particularly concerned with exchanges trading in agricultural production commodities. The introductory part of the paper is oriented towards the theory and general structure of commodity exchanges; the other parts subsequently deal (in more detail) with the most problematic areas of their operation in the Czech Republic up to the present time. Within this part of the paper, the method of analytical evaluation is used for examining, above all, the existing legal regulation, the structure and function of these exchanges. Subsequently, using the method of comparative analysis, selected key aspects of their operation are compared with the theoretical requirements of their functioning as well as with the everyday functioning of this kind of exchange in economically developed countries. Findings gathered this way are subsequently utilized in the concluding part of the paper, the subject matter of which is a prediction about the possible variants of the future development of Czech agricultural commodity exchanges, with regard to the assumed admission of the Czech Republic to the European Union.
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spelling doaj.art-09f05fb98c2341739ce763449c5ff8ed2023-02-23T03:54:12ZengCzech Academy of Agricultural SciencesAgricultural Economics (AGRICECON)0139-570X1805-92952002-10-01481046747210.17221/5354-AGRICECONage-200210-0006The significance of commodity exchanges for trade in agricultural products in the Czech Republic, and prospects of their future developmentO. Rejnuš0Mendel University of Agriculture and Forestry, Brno, Czech RepublicThe paper deals with the functioning of commodity exchanges in the Czech Republic, and is particularly concerned with exchanges trading in agricultural production commodities. The introductory part of the paper is oriented towards the theory and general structure of commodity exchanges; the other parts subsequently deal (in more detail) with the most problematic areas of their operation in the Czech Republic up to the present time. Within this part of the paper, the method of analytical evaluation is used for examining, above all, the existing legal regulation, the structure and function of these exchanges. Subsequently, using the method of comparative analysis, selected key aspects of their operation are compared with the theoretical requirements of their functioning as well as with the everyday functioning of this kind of exchange in economically developed countries. Findings gathered this way are subsequently utilized in the concluding part of the paper, the subject matter of which is a prediction about the possible variants of the future development of Czech agricultural commodity exchanges, with regard to the assumed admission of the Czech Republic to the European Union.https://agricecon.agriculturejournals.cz/artkey/age-200210-0006_the-significance-of-commodity-exchanges-for-trade-in-agricultural-products-in-the-czech-republic-and-prospects.phpprompt transactionsfuturesoptionsliquidityagricultural commoditieshedgingrisks
spellingShingle O. Rejnuš
The significance of commodity exchanges for trade in agricultural products in the Czech Republic, and prospects of their future development
Agricultural Economics (AGRICECON)
prompt transactions
futures
options
liquidity
agricultural commodities
hedging
risks
title The significance of commodity exchanges for trade in agricultural products in the Czech Republic, and prospects of their future development
title_full The significance of commodity exchanges for trade in agricultural products in the Czech Republic, and prospects of their future development
title_fullStr The significance of commodity exchanges for trade in agricultural products in the Czech Republic, and prospects of their future development
title_full_unstemmed The significance of commodity exchanges for trade in agricultural products in the Czech Republic, and prospects of their future development
title_short The significance of commodity exchanges for trade in agricultural products in the Czech Republic, and prospects of their future development
title_sort significance of commodity exchanges for trade in agricultural products in the czech republic and prospects of their future development
topic prompt transactions
futures
options
liquidity
agricultural commodities
hedging
risks
url https://agricecon.agriculturejournals.cz/artkey/age-200210-0006_the-significance-of-commodity-exchanges-for-trade-in-agricultural-products-in-the-czech-republic-and-prospects.php
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