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IGC launches new daily grains and oilseeds index (GOI)

As part of efforts to promote greater transparency in international markets, the IGC compiles detailed daily information on prices for a wide range of grains and oilseeds, covering both physical and futures markets. Given the increased turbulence in global grains and oilseeds markets in recent years there has never been a greater need for more timely and up-to-date information. With a view to capturing the broad underlying trends across key markets – thus providing a useful tool for all participants, including analysts and policy makers – the IGC Secretariat has introduced a new daily Grains and Oilseeds Index (IGC GOI). A trade-weighted measure of international price movements across seven key commodities, namely wheat, maize (corn), barley, sorghum, rice, soyabeans and rapeseed/canola, the index is calculated each day using 22 US dollar-denominated daily export quotations at leading origins

November 10, 2011

As part of efforts to promote greater transparency in international markets, the IGC compiles detailed daily information on prices for a wide range of grains and oilseeds, covering both physical and futures markets. Given the increased turbulence in global grains and oilseeds markets in recent years there has never been a greater need for more timely and up-to-date information. With a view to capturing the broad underlying trends across key markets – thus providing a useful tool for all participants, including analysts and policy makers – the IGC Secretariat has introduced a new daily Grains and Oilseeds Index (IGC GOI). A trade-weighted measure of international price movements across seven key commodities, namely wheat, maize (corn), barley, sorghum, rice, soyabeans and rapeseed/canola, the index is calculated each day using 22 US dollar-denominated daily export quotations at leading origins.

In addition, IGC GOI sub-indices are also calculated and published daily for the key components of the GOI, namely for wheat, maize, rice and soyabeans. IGC GOI

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