What Does Africa and The NYSE Have to do with Each Other
Africa's Coffee, Cocoa, and Cotton rule the New York Stock Exchange Intercontinental Exchange Group soft commodities market. African influences are extensive in the softs markets and are of vital importance to the international soft commodity trading of the world.
Africa's Influence On The New York Stock Exchange and China
African influences are extensive in the soft markets especially in the case of cotton, cocoa, and coffee and are of vital importance to the international soft commodity trade on the Atlanta-based Intercontinental Exchange Group or ICE of the New York Stock Exchange, NYSE.
What is a soft commodity? The definition of a soft commodity is a resource that is grown rather than mined such as coffee, cocoa, sugar, maize or corn, cotton, and tea.
What are futures? Futures are contracts that require traders to buy or sell assets at a set price at a set date in the future allowing farmers and other food producers to lock in the prices they would get for crops even before harvest time.
The top export is cotton around 40% of $8.3 billion Gross Domestic Product (GDP) or $3.3 billion. Africa's three C’s Coffee, Cocoa, and Cotton rule the NYSE-ICE futures soft commodities market.
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