Stock exchanges provide a platform. A platform that Chris Sturgess, assistant general manager of the Agricultural Products Division of the Johannesburg Stock Exchange, says helps with price discovery and price risk management. He says Africa needs such platforms. At the same time though, he stresses that stock exchanges do not set prices. Chris presented at the opening session of the …
West African Exchange Highlights Needs for a Developing Ag Industry
Mbaye Diop Sarr represents the West African business sector as the general administrator for the West Africa Commodity Exchange. For Mbaye, direct market access for producers is critical for the development of African agribusiness. He says Africa needs to drive competitiveness to fulfill industrial needs. He adds that Africa needs to embrace commercial partnerships among the various countries within the …
Facing Africa’s Problems in order to Develop Agribusiness Success
There are a lot of issues that need to be addressed in African agribusiness and Ian Goggin, CEO of the Agricultural Commodity Exchange for Africa, wasn’t afraid to highlight each and every one. Among the negatives in the African agribusiness sector Ian identified during the 2008 U.S. Africa Agribusiness Forum: Very little reliable data on trade flows Lack of competition …
Corporate Council on Africa Calls for American Investment and Exchange
Agriculture is an industry in Africa that’s poised to flourish… if the U.S. would simply get involved. That’s what the Corporate Council on Africa believes and that’s why it’s hosting the 2008 U.S. Africa Agribusiness Forum in partnership with the World Trade Center Illinois. CCA President and CEO Stephen Hayes says his organization has been the voice for the vision …
Courting Commerce between Africa and the U.S.
People from all walks of life, as World Trade Center Illinois Agribusiness Director Chuck Hartke puts it, are gathering in a first-of-its-kind forum in Chicago this week in an effort to grow agricultural exchange and commerce between the U.S. and Africa. Chuck says the 300 participants of the 2008 U.S. Africa Agribusiness Forum have come together to explore how America …
Farm Foundation Conference Wrap
Here’s my wrap up post from the Farm Foundation Transition To A Bio Economy conference. I learned a lot from the presentations here and hope the interviews have helped you too. I spoke with board member, Cornelius Gallagher, who helped summarize the event. He says the conference brought together world class leaders who were able to listen to some fantastic …
Research Needed For Ethanol Company Success
What we know and what we need to know was Peggy Caswell’s, USDA-ERS, topic here at the Farm Foundation Transition To A Bio Economy conference. She says we need to know things about how farmers or the providers of biofuels and feed stocks are going to have to change the way they do business. She used the example of having …
Biofuel Investment By Oil Company
We heard from Chevron here at the Transition To A Bio Economy conference since according to Paul Bryan, the company has made a major commitment to biofuels. He says they created a biofuels business unit about 2 years ago. Their focus is on 2nd generation biofuels that use non-food crops. His talk focused on the integration in the biopetroleum business. …
Investor Interest in Ethanol Drops
The issue of investment and financing for ethanol plants and bio refineries in general was addressed today by Chris Groobey, Baker & McKenzie, LLP. He works on project financing with investors and lenders and mostly in renewable fuels. He painted a pretty bleak picture. In fact, he says the New York investment community is not interested in biofuels right now. …
Ethanol Trucking
When it comes to infrastructure needs for a bio economy our rural road system is a key component. To speak about it here at the Transition To A Bio Economy conference we heard from Frank Dooley, Purdue University. He sees a big increase in grain production, primarily in the midwest. With that comes a growing demand for transportation. He thinks …