UNCTAD's work on commodity risk management and finance-a chronology -- World Bank's technical assistance and research in commodity price risk management, and IFC's role -- Relating risk management to the bottom line -- Commodity price risk management in develooping countries -- Imperative for export diversification in africa -- Instabil of international commodity prices: elements of explanation -- Commodity price volatility and economic policy -- Governments not content to be at the mercy of the market find solutions in risk management programmes -- To be or not to be - ro why a trading house needs modern financial instruments -- Emerging commodity exchanges: the path to growth -- Changing colours of commodity exchanges -- Budapest commodity exchange -- Commodity price movements, and how te manage them at the micro-level: the role of farmers' associations -- Use of commodity exchanges in organising secure and transparent transactions for soft commodities -- Agricultural liberlization and the role of commodity exchanges-the case of Zambia -- Zimace-its formation and role in the "liberalized market."