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D-safex Dictionary

SAFEX

South Africa's agricultural futures market, where grain prices are discovered and hedged

All termsIntroduced in Module 2Open the Toolkit
An open dictionary on a farm office desk
Plain meaning
South Africa's agricultural futures market, where grain prices are discovered and hedged
How to use it
Use SAFEX prices as the regional reference for grains and oilseeds, even outside South Africa, to judge whether a local price is fair.
South African benchmark
SAFEX, run by the JSE, trades white and yellow maize, wheat, soya beans and sunflower.
Country notes
Namibia's NAB maize floor follows SAFEX; Botswana's BAMB prices near South African import parity; Zimbabwe and Zambia set board prices that can sit well above or below SAFEX.
Go and read
C2 Lesson 2.1, C2 Lesson 2.4, M1-U2, M1-U6
Calculate it
T-M1-05 Market Price Comparator
Library sources
LIB-A001, LIB-A004, LIB-A021, LIB-A132
See also
Hedging, Floor price, Import parity price
Twelve-month cash flow showing money out before money in and the lowest cash pointTwelve months of cash: money out first, money in laterJFMAMJJASONDRed dot: the lowest cash point, the working capital you must fundMoney in (sales)Money out (inputs, labour, loan)Running cash balance
From Module 2, Money for the Farm, where this term is introduced.

Introduced in C2 Money for the Farm.