Grain and Feed Trade Association
| Grain and Feed Trade Association Ltd. Registered in England & Wales |
|
|---|---|
| Formation | November 17, 1871 (under GAFTA = 1971[1]) |
| Legal status | Trade association |
| Headquarters | London, 1 Northumberland Avenue, Trafalgar Square, London WC2N 5BW, United Kingdom.[2] |
| Membership | Approximately 1000 members in 90 countries[3] |
| President | Roberto Rocco[4] (since July 2009)[5] |
| Website | |
The Grain and Feed Trade Association (or GAFTA) is a London based trade organisation consisting of professionals, operators, traders and transporters in the international grain trade.
Contents |
[edit] 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.[6]
[edit] Structure
The main office is situated between Trafalgar Square and Charing Cross railway station.
GAFTA has offices in London (Headquarters), Beijing, Geneva and Kiev.
[edit] 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
[edit] Impact
According to the Indian Financial Express, 80 percent of world trade with grains is regulated under GAFTA-conditions.[7]
[edit] See also
- Federation of Oils, Seeds and Fats Associations (FOSFA)
- Refined Sugar Association
- Greater Arab Free Trade Area
[edit] 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
[edit] References
- ^ History of the Bristol Corn and Feed Trade Association, read May 5th 2010
- ^ GAFTA Web Site read May 5th 2010
- ^ GAFTA Web Site read May 5th 2010
- ^ GAFTA-Web Site read August 4th 2010
- ^ Press Release, read August 4th 2010
- ^ History of the Bristol Grain and Feed Association]
- ^ Financial Express Online read Mai 12th 2010
