The location differential system needs changing
Sep 14, 2020
2 minutes
BY DR KOOS COETZEE
Grain contracts on the Johannesburg Stock Exchange (JSE) include a location differential. Its purpose is to equalise the cost of grain delivered to different silos in terms of its location relative to a base location. Historically, Randfontein has been regarded as the spot where all grain in South Africa is processed, so location differentials are calculated with Randfontein as
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