Progress and development of the Agricultural Futures Exchange of Thailand (AFET)

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Progress and development of the Agricultural Futures Exchange of Thailand (AFET)



BANGKOK, 19 November 2014 (NNT) – The Agricultural Futures Exchange of Thailand (AFET) is planning to restructure its organizational management to build more confidence for farmers and investors as a means to maintain the prices of agricultural produce in compliance with the market mechanism.

AFET plans to go through developmental procedures to reach the goals of a growing level of income, strong investor groups, and efficiently importing goods that respond to investors’ needs.

Primary steps include improving the quality of employees to meet professional standards, improve work processes to be as competitive in an ever-changing business market, and build confidence among related parties both agriculturalists and investors.

The middle phase includes revamping the business plan for AFET to be capable of competing with other similar markets through the use of trade through technological means such as Mobile Trading and lower the original regulation or trading fees to open the opportunity for more investors to join the market in the long run.

The goal is to be as competitive and comparable to the world class market such as the Chicago Mercantile Exchange.


-- NNT 2014-11-19