Grain and Feed Trade Association
| Formation | November 17, 1871 (under GAFTA = 1971[1]) |
|---|---|
| Legal status | Trade association |
| Headquarters | London, 9 Lincoln’s Inn Fields, London WC2A 3BP United Kingdom. |
Membership | Over 1500 Members in 89 countries |
President | Mrs Zlatina Doneva |
| Website |
The Grain and Feed Trade Association (or GAFTA) is a London based trade organization consisting of traders, brokers, superintendents, analysts, fumigators, arbitrators and other professionals in the international grain trade.
History
GAFTA can trace its history back to 1878, when the London Corn Trade Association (LCTA) started operations. In 1906, a group of traders spun off the LCTA and formed the London Cattle Food Association (LCFA). In 1971 LCTA and LCFA merged to form GAFTA.[1]
Structure
The main office is situated in Holborn, London, UK.
GAFTA has offices in London (Headquarters), Beijing, Geneva and Kiev.
Goals and main objectives
GAFTA sets out to promote international trade and protect the interests of its members. Activities include definition and regulation of
- Quality standards, conditions of trade, guaranties
- Shipping documents and delivery conditions
- Terms of payment
- Dealing with problems and extraordinary circumstances
- Insurance
- Non-Fulfillment
- Weighting rules, sampling, analysis and insurance
Impact
According to the Indian Financial Express, 80 percent of world trade with grains is regulated under GAFTA-conditions.[2]
See also
- Federation of Oils, Seeds and Fats Associations (FOSFA)
- Refined Sugar Association
Literature
- Hugh Barty-King Food for Man and Beast: The Story of the London Corn Trade Association, the London Cattle Food Trade Association and the Grain and Feed Trade Association, 1878–1978, London: Hutchinson, 1978
References
- 1 2 History of the Bristol Corn and Feed Trade Association, read May 5th 2010
- ↑ Financial Express Online read Mai 12th 2010
External links
|