BLOG

The ancient rules of trade

21 November 20192 min reading

Cemalettin Kanaş Editor

Dear readers,

‘Buy cheap sell dear’ is considered one of the ancient rules of trade. Trade serves to balance prices in this way. International trade in agricultural products, on the other hand, allows food to be transported from surplus areas to shortage areas and is a key factor for food security in today's conditions.

Attracting entrepreneurs with profitability, international trade inevitably brings many challenges. I want to draw attention to two basic points to minimize these challenges. The first is to act within certain standards in each contract in terms of the conditions regarding loading, shipping, customs procedures, delivery, etc. rather than reinventing the wheel. This is the normal pace of life. Today, for example, around 80 percent of feed and grain trade is carried out in line with the standards set forth by London-based GAFTA. Legal disputes between the parties can also make trade unbearable from time to time. Therefore, the second issue that I want to draw attention to is the preparation of contracts with clarity that will minimize legal disputes.

The special story of the issue in your hand focuses on two points that we try to highlight in international feed trade: international standards in trade and legal disputes. The special story is with the contributions of the Feed and Grain Trade Association (GAFTA) and the Ukrainian law firm Avellum is of insightful nature. Apart from the file studies, technical articles, and news from the industry, striking interviews are also significant. The interviews involving global commodities trading giant Cargill's call to Washington and Beijing to end the trade wars and the European Food Safety Authority (EFSA) warnings on antimicrobial resistance await you in this issue.

Pleasant readings...

See you in the New Year...

Articles in Editor Category
11 October 20223 min reading

The fertilizer crisis and food prices

09 August 20222 min reading

World relaxes with grain corridor