Zambian Grain Contracts

The JSE, in conjunction with the cooperation of ZAMCE Limited (Zambian Commodities Exchange) is proud to bring the Zambian Grain Futures Contract with a vision of changing the price risk management landscape of the Zambian community. The contracts listed include white maize, soya and wheat which enable farmers and millers with the opportunity to better manage the price risk surrounding these commodities through the use of futures and option contracts. It is traded and settled in US dollars with the possibility to go to physical delivery where grain of the required quality and quantity will be made available via approved warehouse operators licensed under the Zambian Agricultural Credits Act, 2010. The JSE trades a standardised 10 ton futures contract with Lusaka as the reference point for the contract. ​​​​​​​

Who is​ this for?​

This product is often used farmers and millers with an interest in protecting themselves against adverse price movements in the underlying physical or spot market. In addition to these two key groups of participants, co-operatives, traders and financial institutions rely on the contracts to either extend fixed prices to their clients or to finance physical grain on warehouse receipts. An opportunity also exists for Zambian traders to partner with JSE approved members to be able to extend their booking services as JSE approved dealers.​​​​​

​Features​


  • Secure, affordable and flexible
  • Derivatives contracts enable institutions to fund producers who hedge their price risk. In so doing, sustainable production is encourages
  • Provides a platform for price discovery and efficient price risk management
  • Transparency as trade takes place on an electronic platform
  • All transactions are guaranteed through the derivatives clearing structure.
  • Procurement of physical products are guaranteed by approved storage operators and payment is received within one business day of delivery​​​​​​​

​How to get it?​

To access the products, register as a client with an authorised JSE C​​om​modit​y Derivatives Trading Member​​​

Disclaimer

All data and information provided by the JSE, except as otherwise indicated, is proprietary to the JSE. You may not copy, reproduce, ​​modify, reformat, download, store, distribute, publish or transmit any data and information, except for your personal use. For the avoidance of doubt, you may not develop or create any product that uses, is based on, or is developed in connection with any of the data and information available on this site. You are not permitted (except where you have been given express written permission by the JSE) to use the data and information for commercial gain​​​

 Related Documents

 

 

Detail Zambian Contract SpecificationsDetail Zambian Contract Specificationshttps://www.jse.co.za/content/JSEFactSheetItems/Detailed Zambian contract specifications.pdfpdf
Zambian Grain Contracts Fact SheetZambian Grain Contracts Fact Sheethttps://www.jse.co.za/content/JSEFactSheetItems/Zambian Grain Contracts Fact Sheet.pdfpdf

Contact Us
  • General enquiries

    Email: info@jse.co.za

    Tel: +27 11 520 7000
  • Commodities enquiries

    Email: Commodities

    Tel: +27 11 520 7039​​