ISLAMABAD -- A regional rice index and commodities exchange
could help calm world rice price fluctuations and ensure farmers get a fair price for their rice, according to a working paper by the Asian Development Bank (ADB).Commodities Exchange: Options for Addressing Price Risk and Price Volatility in Rice, which was produced out of the recent ASEAN Rice Trade Forum, suggests futures and options could be traded on existing commodities exchanges
based on a regional rice index representative of the most exported and consumed grades of rice.
Top exporters could also establish domestic commodities exchanges, allowing farmers to obtain a better price by selling their most popular local rice grades directly on the market, rather than through a middleman.
Using a commodities exchange, government agencies could instead act as aggregators for local rice farmers and hedge the price risk using the regional rice index.
The combination comes at a time when commodities exchanges
across the nation are undergoing realignment.
* The SEC issued a proposal to amend its requirements relating to rule changes requested by self-regulatory organizations (SROs), such as the securities and commodities exchanges
Slated for a site adjacent to Battery Park City, the facility will be the new home for four of the city's five commodities exchanges
currently located at 4 World Trade Center.
A number of community groups are suing to stop the development of the new headquarters for the commodities exchanges
in the Tribeca section of lower Manhattan.
The public/private project was originally to be a new headquarters for the five commodities exchanges
but in January the Mercantile Exchange withdrew.
Representatives of the Commodities Exchanges
, the real estate and construction industries, the city and the state economic agencies were also on hand to speak on behalf of the project.
The firm is currently representing the city's Economic Development Corporation and the state's Urban Development Corporation in the development of the new 1.2 million-square-foot headquarters being erected for the Commodities Exchanges
. The $100 million building is rising on city-owned land and Tishman-Speyer is the private-sector partner.