What is premium curve market price in SAP LO-AGR - SAP Agricultural Contract Management?

SAP Term: premium curve market price

• Component: LO-AGR

• Component Name: SAP Agricultural Contract Management

• Description: A condition type in a document that defines the price based on the premium curve.

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• Key Concepts: 
  Premium curve market price is a feature of the SAP Agricultural Contract Management (LO-AGR) component. It allows users to define a premium curve for each market price, which is used to calculate the premium for each contract. The premium curve is based on the market price and can be adjusted to reflect different market conditions. 
  
  How to use it: 
  To use the premium curve market price feature, users must first define a premium curve for each market price. This can be done by entering the desired values in the “Premium Curve” field in the “Contracts” tab of the LO-AGR component. Once the premium curve has been defined, it will be used to calculate the premium for each contract. 
  
  Tips & Tricks: 
  When defining a premium curve, it is important to consider the current market conditions and adjust the values accordingly. This will ensure that the calculated premiums are accurate and reflect the current market prices. Additionally, it is important to keep track of any changes made to the premium curves, as these changes may affect future contracts. 
  
  Related Information: 
  For more information about using the premium curve market price feature in SAP Agricultural Contract Management (LO-AGR), please refer to SAP Help documentation or contact your local SAP support team.