News and events
News overview
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Procurement of palm oil processing equipment for Cameroon and Nigeria
The Common Fund for Commodities (CFC) is currently financing a project entitled “Improving the Income Generating Potential of the Oil Palm in West and Central African Region (Cameroon and Nigeria)”. The project’s objective is to establish and equip four medium scale palm oil processing centers in Cameroon and one center in Nigeria.
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CFC takes more initiatives to promote PPP
In December 2012, CFC with the help of the Dutch authorities and the Royal Tropical Institute (KIT) organized a workshop on the following theme: “Business Driving Agriculture Development in Africa: New realism or wishful thinking?”.
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Common Fund for Commodities partners with the Africa Agriculture and Trade Investment Fund as TA Facility Manager
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CFC supports artisanal fishery cooperative with eco-labeling certification
Merja Zerga, a Moroccan beneficiary fishery cooperative under a CFC financed project “Technical Assistance for the Upgrading of Small-scale fisheries and their integration in International Trade” has successfully undergone a product sustainability certification audit exercise according to the standards approved by the Friend of the Sea (FOS) for hake (Merluccius merluccius) and sole (Solea vulgaris vulgaris).
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Outcome of the 51st Meeting of the Consultative Committeeof the CFC
The 51st meeting of the Consultative Committee of the CFC was held in Amsterdam from 21 to 25 January 2013. This was the first meeting of the Committee in its new composition appointed for the period 2013-2014 and in the context of the new operational plan 2013-2017.
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Regional banks support commodity financing through a repo system in Ghana
Commodity Clearing House Ghana reports up to USD12 million made available to finance grain and shea nuts through repo contracts by early 2013. The repurchase Agreement, developed in the course of 2012 with financial assistance of the Common Fund for Commodities (CFC), will operate through warehouses licensed and supervised by the Ghana Grains Council (GGC).
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COMMON FUND FOR COMMODITIES GEARS UP TO MEET CHALLENGES OF THE 21ST CENTURY
The Annual Meeting of the Governing Council of the Common Fund for Commodities approved new directions for the CFC to meet the new and challenges of the 21st century and to ensure resources are used efficiently and effectively for commodity development projects in 2013 and beyond.
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Warehouse receipts traded on commodity exchange improve lives of Malawi farmers
The Common Fund for Commodities has supported the development of warehouse receipts systems across Africa in the past 15 years. The case of Malawi illustrates the benefits which warehouse receipts create for all participants, especially to individual farmers.
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Common Fund and Banks discuss a coordinated response to public concerns about financialization and commodity volatility
Public and private sector financiers agree on the need for a coordinated response to public concerns about financialization and commodity market volatility. Nevertheless, the views on effective measures to mitigate the problem differ very considerably, and the lack of common understanding of key underlying issues prevents effective joint action. This gap calls for a dialogue to reach agreement on issues of common interest to mitigate commodity market volatility and its costs, as well as to channel financial capital into investments into physical production capacities for key commodities.
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CFC supports the revival of small family owned coffee farms in Ecuador
The Common Fund for Commodities (CFC) recently participated in a workshop which reviewed and disseminated results obtained for the project entitled “Reconversion of small coffee farms into self-sustaining agricultural family units in Ecuador.” The project was developed against the background of a steady decline in coffee prices between 2000 and 2005 resulting in reduced income for farmers. Reduced income led to migration to cities or to other countries leaving farms abandoned with higher rates of rural poverty and rural degradation.