Thu, Mar 26, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Agriculture, Futures and Options more

Mexican farmers to sell commodities on futures market

Posted on 02 August 2012

The government and brokers are launching the Market Risk Management Program, which will allow farmers to sell commodities using futures contracts, Mexican officials said. The program’s goal is to stabilize farm prices in Mexico and guarantee farmers’ incomes via contracts that cover prices, Finance Secretary Jose Antonio Meade and Agriculture Secretary Francisco Mayorga said.
The Agriculture Secretariat will allocate 550 million pesos (about $41 million) to provide funding for farmers, who “will be able to obtain financing of up to 5 billion pesos (some $410 million) in commercial transactions,” Mayorga said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39837 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031