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Gestão do risco de preço de café arábica: uma análise por meio do comportamento da base
| Content Provider | Semantic Scholar |
|---|---|
| Author | Barros, Áther De Miranda Aguiar, Danilo R. D. |
| Copyright Year | 2005 |
| Abstract | This paper analyzes the basis behavior for arabica coffee, aiming to help the design of hedging strategies. It was verified that there are opportunities for both short and long hedging, but the opportunities for long hedging are fewer and less profitable than for short hedging. Besides, the futures contracts for delivering in March and May are the riskiest because of the high level of uncertainty just before the harvest season. It was verified also that basis strengthening is not associated to basis risk, since in most of the cases larger profitability is associated to lower risk, and vice-versa. Finally, the results showed that the most profi- table short hedging strategies are the ones placed in the second semester of every year. |
| Starting Page | 443 |
| Ending Page | 464 |
| Page Count | 22 |
| File Format | PDF HTM / HTML |
| DOI | 10.1590/S0103-20032005000300003 |
| Volume Number | 43 |
| Alternate Webpage(s) | http://ageconsearch.umn.edu/bitstream/156829/2/27741.pdf |
| Alternate Webpage(s) | https://doi.org/10.1590/S0103-20032005000300003 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
