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Marked Based Commodity Price Risk Management Online Course

July 7 - August 10, 2008


Target Audience




This three-module course develops concepts and tools that are important for managing commodity price risks in developing countries.  The course reviews the role of commodity price risk in business performance and economic development. It describes techniques for risk assessment and reviews physical and financial strategies for managing risk.  The course explains futures and options contracts and presents information about the role of commodity exchange markets. A variety of examples illustrate how futures and options contracts can be used to manage different types of commodity price risk.  Also discussed are the limitations of using market-based instruments and the barriers to hedging in developing countries.


Three case studies are included to reinforce the concepts developed in the course. The first case describes a Peruvian coffee cooperative that has implemented a price risk management strategy using exchange-traded coffee futures contracts.  The second case study describes the evolution of a government program to manage maize import price risk in Malawi using physical call options (i.e. options to buy maize product and have it delivered to Malawi).  The third case examines the development of the China Zhengzhou Commodity Exchange, the first ever futures market in China.


The course focuses broadly on the issue of commodity price risk for agriculture and does not examine in detail the recent rise in commodity food prices.



The language of the course is English.


Course Format

The course consists self-paced modules, discussion forums, exercises, readings, case studies, tests and learning via interaction with program faculty and peers. The course includes 3 audio sessions of expert lectures for 30-35 minutes each.


Course Expectations

Participants are expected to commit 8–10 hours per week in order to gain the most out of this course in addition to:

Complete the required reading assignments

Participate in all online activities. Participation involves posting a minimum of two messages per week that are substantive in nature. The message can be either a new topic or a reply to someone else's message.

Participants are encouraged to post more often than twice a week in order to be involved more deeply into topics.

Participate in videoconferencing and asynchronous chat sessions (if applicable)

Complete assignments and end of course project

Complete course evaluation at the end of the course. back to top arrow




The course consists of presentations, case studies, readings and an end of course exercise. During the course, instructors and facilitators from National Disaster Coordinating Council (NDCC), Earthquake Megacities Initiative (EMI) an  back to top arrow




The Bank-Netherlands Partnership Program (BNPP)

The Swiss State Secretariat for Economic Affairs (SECO)

The Ministry of Foreign Affairs of the Netherlands back to top arrow


 Target Audience


Market-based Commodity Price Risk Management is a follow-up course to Innovative Market-based Risk Management Framework. It introduces the concepts and tools for commodity risk management, applying them to developing countries.  This course targets government officials, staff of development agencies, aid and relief organizations. It also has a special objective in reaching and communicating with important private actors whose understanding and interest in the commodity price risk management discussed in this course are essential in bringing the necessary private-sector participation.back to top arrow




Berna Yekeler:


Ornsaran Manuaamorn: omanuamorn@worldbank.orgback to top arrow

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