3. How effective are commodity agreements?

May 19th, 2015
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3. How effective are commodity agreements?

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How effective are commodity agreementsBefore going to discuss how effective are commodity agreements, first we need to overlook the definition and history of commodity agreement.Introduction:-Commodity agreements are arrangements between producing and consuming countries to stabilize markets and raise average prices. Such agreements are common in many markets, including the market for coffee, tea, and sugar. In Simple words Commodity agreements are international agreements designed to stabilize commodity prices in the interest of producers and consumers. They can include mechanisms to influence market prices by adjusting export quotas and production when market prices reach certain trigger price levels. Best real life example of Commodity agreements is ''In 2003, an agreement was made between the seven main cocoa exporting countries, Cameroon, Ivory Coast, Gabon, Ghana, Malaysia, Nig

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