GAFTA

Who we are

 

For 135 years we have made it our mission to promote international trade and to protect our members' interests worldwide.

We are an international Trade Association with over 1400 Members in 86 countries. Our aim is to promote international trade in agricultural commodities - and more recently spices and general produce - and to protect the interests of our members worldwide, providing the support and international contacts they require.

History

Gafta can trace its origins back to 1878, when the London Corn Trade Association (LCTA) was established by members of the corn trade in order to protect their interests. The LCTA sought to achieve this through the adoption of standard forms of contract, drawn up by the Association, with any disputes arising out of these contracts being settled by arbitration rather than by legislation. Disputes were referred to London and conducted under English Law.

In 1906, a group of traders broke away from the LCTA and formed a new more specialised association, the London Cattle Food Trade Association (LCFTA), for those trading in vegetable proteins used as animal feedingstuffs. In 1965, the LCFTA dropped ‘London’ from its title, reflecting growing internationalisation.

In 1969, merger talks commenced between the LCTA and CFTA. The outcome of these talks was the formation of a new joint association, the Grain and Feed Trade Association in 1971.

What we do

Gafta continues to protect its members’ interests through standard forms of contract. It provides an internationally respected dispute resolution service offering both arbitration and mediation to parties using Gafta standard contracts.

In supporting its aim of promoting international trade, Gafta operates a Trade Assurance Scheme (GTAS), holds registers of approved Superintendents and Analysts, and provides regular training courses for both Members and non-Members operating in our trade.

Members

Gafta has over 1400 Members, who operate in all areas of the trade. Membership categories reflect the different aspect of the trade and include Traders, Brokers, Superintendents, Fumigators, Analysts and Arbitrators.

More information about the benefits of Gafta Membership, and how to become a Member, can be found on our Become a Member page.