o:28410 Possibilities for development of commodity exchange in Serbia en Abstract: The aim of the paper is the analysis of the current situation related to the spot and non-standardised term commodity exchange market, as well as to provide a proposal for further improvement of commodity-trading in Serbia. The system of commodity-exchange trading in Serbia has not been developed and legislation has not been fully enacted. According to the analysis of price variability on three commodity markets it can be concluded that the fluctuations of prices of agricultural products in the last decade were very high, which led to market participants' need for term commodity exchange instruments. The paper presents suggestions for further improvement of the spot market as well as the clearing model on the forward market. The adoption of the Law on Commodity Exchange and amendments to the Law on Capital Market would improve the spot trading, trading of non-standardised and standardised term contracts. Project: The risks of financial institutions and markets in Serbia-microeconomic and macroeconomic approach (MESTD - 179005) Sustainable agriculture and rural development in the function of accomplishing strategic objectives of the Republic of Serbia in the Danube region (MESTD - 46006) Challenges and Prospects of Structural Changes in Serbia: Strategic Directions for Economic Development and Harmonization with EU Requirements (MESTD - 179015) Keywords: commodity exchange; spot trading; forwards; futures; hedging strategies 1552099 10.5937/ekoPolj1804557J 0352-3462 2023-03-28T09:46:43.899Z 44 no 46 Irena Janković Univerzitet u Beogradu Ekonomski fakultet 14632551 0000-0003-1115-4702 Marko Jeločnik Institut za ekonomiku poljoprivrede person Jovan Zubović Institut ekonomskih nauka person application/pdf 712815 https://phaidrabg.bg.ac.rs/o:28410 no yes 21 70 92000002 11A03 Ekonomika poljoprivrede 65 4 1557 1571 2018