عنوان مقاله [English]
In many countries, for producers of agricultural products the use of futures contracts, is a good way to reduce price risk. In this study, with respect to the necessity of creating the rice futures market, the most important characteristics of rice futures contract in the Mazandaran province are determined. To determine the amount of deposit required and limit daily price fluctuations, conditional value at risk (CVaR) is used. Also to determine other characteristics of the simulated rice futures contract, the weekly cash price of 2012 to 2014 and daily free risk interest rate is used. The results show that the amount of deposit for desirable rice is 623,940 Rials and for high-yielding rice is 1,084,893 Rials. Also desirable rice is more popular than high-yielding rice for enter the future market.
JEL Classification: Q13،G10
Rice, Futures Contract, Conditional Value at Risk, Mazandaran