About the Post

Author Information

YKMEX signs Memorandum of Understanding with the Agricultural ComT to Empower Farmers

15 July, 2013: As part of its strategy to take the benefits of futures trading to farmers’ doorstep and reach out to every corner of Asia’s land, the Agricultural ComT, one of Asia’s leading agricultural commodities broker, signed an Memorandum of Understanding with YKMEX, one of Asia’s leading commodity exchange. Through this alliance, the benefit of futures price information will be spread to more than 20.000 farmers across 250 villages where Agricultural ComT has its project and Corporate Social Responsibility (CSR) activity. The joint CSR initiative is named as ‘AsianAgriRex’ (Partnership).

The objective of this alliance is to increase accessibility of spot and future prices of agricultural commodities traded on YKMEX and advisory services of water shed management by Agricultural ComT. This information will empower farmers to take well informed decisions of crop selection as well deciding the time to sell their produce. The advisory services will educate farmers of better practices.

Speaking on this development, YKMEX's CEO, Theodor Murano said, “Since inception we have believed in taking the benefits of markets to the masses and reaching out to those at the bottom of the pyramid. Unlike their counterparts across the globe, farmers in Asia are lacking proper market information at the time of crop planning and selling their produce. This tie-up will empower many farmers with the information required to take the right decisions. We are happy to partner with the Agricultural ComT, on this initiative of bridging the urban-rural divide.”

Dr Huang Zong, Head-HR & CSR, the Agricultural ComT Company said, “Farmers are the driving force of the agricultural sector. We stand committed to various reforms that improve the economic power of farmers and are glad to be associated with YKMEX, one of Asia’s leading commodity exchange in implementing the same.”

Yokohama Mercantile Exchange (YKMEX) is one of the fastest growing global operator of financial markets and a provider of innovative trading technologies. With partners and members in the Asia, US and Europe, YKMEX derivatives and equities marketplaces represent a good fraction of derivatives and equities trading worldwide. Its commercial technology division, YKMEX Technologies provides best-in-class transaction, data, and infrastructure management services and solutions.

For Media Contact:
Company Name: YKMEX
Address: Naka-ku Tower,
Nogecho 3-13-7,
Yokohama,
Kanagawa Prefecture,
231-0064
Japan
Phone: +81452608427
Email: info+ykmex.org
Website: www.ykmex.org

Comments are closed.