NOFOTA stands for Netherlands Oils, Fats and Oilseeds Trade Association, being the Dutch umbrella-organisation of companies concerned with the production, consumption and trade of vegetable and animal oils and fats, oilseeds and their derivatives.
NOFOTA is founded in 1918, established as the Nederlandsche Bond voor den Handel in Vetten, Oliën en Oliezaden, has approximately 150 members. A-members (kindred organisations), B-members (producers, consumers, traders and brokers) and C-members (organisations concerned with the production and trade such as storage companies, laboratories, banks etc.).
It draws up standard contracts, which are of international usage. The latest version of the NOFOTA Trading Rules can be downloaded here (version 1 January 2021). Moreover it provides a mechanism for the settlement of disputes by its arbitration institute.
Oilseeds Compared to the 2030 EU outlook baseline, COCERAL-UNISTOCK foresees that the production will decrease by -10%, -17%, -24% and -36%, respectively according to the low, medium, high and extreme impact scenarios. However, the production decrease is only observed for…
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read moreThe revised Trading Rules will be in force as from the 1st of January 2021. Changes are the earlier announced addition of the United Kingdom in clauses 110 and 111. Besides some small textual changes further updates can be found…
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