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Article: DA, PSE eye commodity futures market.(Main Business)
- Article from:
- Manila Bulletin
- Article date:
- November 1, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Department of Agriculture and the Philippine Stock Exchange (PSE) have teamed up to start the process of reviving the country’s commodities futures market after the first one turned out to be a sham and collapsed over 20 years ago.Agriculture Secretary Arthur Yap and PSE president Francis Lim signed a memorandum of agreement last Friday to so they can work together to prepare everything necessary for the electronic trading of spot commodities and, eventually, commodity futures.The agreement states that the PSE and DA will work on a trading system that will link Filipino agriculture farmers to profitable markets for their products.The PSE and the DA are exploring ...
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