It was with great honor that we received the presence of Iain Nicol, CEO of the Federation of Oils, Seeds and Fats Associations (FOSFA), in our new headquarters.
FOSFA, as an international entity, plays a crucial role in defining standards and regulations for global trade in agricultural products, with a specific focus on oilseeds and their derivatives, such as oils and meal. Its role is essential in standardizing and resolving disputes within the scope of international trade in these products, drafting standard contracts that serve as a foundation for commercial transactions. This initiative plays a fundamental role in promoting clarity and consistency in negotiations between parties originating from different countries.
We are pleased to express our pride in cultivating this meaningful partnership, which provides a more predictable and efficient trading environment for agricultural products market participants. By establishing common rules and procedures for dealing with contractual issues and disputes, we contribute to promoting stability and confidence in international trade in these products.
