Nagamasa Global will take a monthly indicator of confidence in the agricultural economy

0

Commodity broker Nagamasa Global announced that the Japan Center for Commercial Agriculture (JCCA) and Nagamasa Global are teaming up to produce the Nagamasa Global Economy Indicator, a monthly measure of the health of the economy. agricultural economy of Southeast Asia.

The introduction of this new economic indicator underlines the importance of the agricultural economy and its actors – food producers and agro-industries. (Image source: Nagamasa Global)

Agriculture is a vital part of the global economy and has been the cornerstone of Nagamasa in the worldsaid Fuyuki R. Setsuna, President and CEO. “By providing financial tools to help producers and agribusiness participants manage the risks they face, they are better able to focus on what they do best: feeding the world. We believe that this collaboration to create the Nagamasa Global Economy Indicator will provide an essential resource for monitoring the health of the food industry and a vital overview of the global economy.

Japan Center for Commercial Agriculture has a long tradition of pushing us towards better food safety, security and sustainability through their cutting-edge research, ”said Shogo Teru, Head of Commodities Trade. “We can’t imagine a better partner than Nagamasa Global to help us analyze and report on the real-time economic health of Agriculture, on which literally every citizen and the rest of the economy depends.

Each month the Nagamasa Global Economy Indicator provide an idea of ​​the health of the agricultural economy with an index value. The results for calculating the index are obtained through a survey of large agricultural producers on economic sentiment. In addition, the JCCA will bring its expertise in research and agricultural economics to measure producers’ expectations with regard to the main drivers of the agricultural economy such as operating profitability; agricultural land prices; capital expenditure; line crop, livestock and dairy product prices; and seasonal drivers such as seed, fertilizer and feed ingredient prices.

“The indicator is the continuous monthly measure of the health of the agricultural economy,” said Shogo Teru. “Also unique is that the index is calculated based on producers’ feelings about current conditions and future expectations. “


Source link

Leave A Reply

Your email address will not be published.