Agreement Vanille

In Madagascar, the list of approved vanilla exporters for the 2019/2020 campaign was updated this weekend by the Ministry of Industry, Trade and Crafts (MICA). 140 companies are now approved if there were 109 at the time of the first publication on 6 October. 124 vanilla exporters have been approved by the Ministry of Industry, Trade and Crafts (Mica) for the next campaign, which will begin on 15 September. This year, the authorizations granted were ranked according to the capabilities of exporting companies, i.e. for industry and craftsmen. On 20 May 2015, the Council of Ministers of the IOC puts in Antananarivo to commit to signing an agreement for the creation of the alliance. [9] The airlines were expected to sign it on 18 June, however this date was postponed due to a strike at Air Madagascar. [5] In the additive list, 12 new applications and 12 renewals were added to the original list. This additional list is the result of a case-by-case review by exporters who have applied to MICA.

The ministry reviewed additional technical details of some vanilla export authorization applications for the 2019-2020 season. The minimum price of prepared vanilla, stabilized on the local market during the 2020/2021 season, is 650,000,000,000 per kilo. The export price fob is $250 per kilo. These are the reference prices for vanilla published jointly by the Mica and the Ministry of Economy and Finance (MEF) in a circular of 15 July. «Several parameters were taken into account when setting these prices, including monitoring of world trade, production forecasts, the internal market, but also the risks associated with them,» said Lantosoa Rakotomalala. For the 2019-2020 season, Madagascar exported 1,580 tonnes of outdoor vanilla from 140 exporting companies, nearly 60 tonnes of derivatives and 94 tonnes of vanilla resin and extract. The vanilla marketing and export campaign is open from Tuesday, October 15, 2019 to March 31, 2020, in accordance with a decree of the Ministry of Industry, Trade and Crafts. A plain vanilla swap can include a plain vanilla interest rate swap in which two parties enter into an agreement where one party agrees to pay a fixed rate of interest on a certain dollar amount on specified dates and for a specified time period. The counterparty makes payments on a floating interest rate to the first party for the same period of time. This is an exchange of interest rates on certain cash flows and is used to speculate on changes in interest rates. There are also plain vanilla commodity swaps and plain vanilla foreign currency swaps. The next vanilla export campaign will be officially opened on 15 September and closed on 31 May 2021, according to the Mica communication, adopted on 19 August by the Governing Council.

124 vanilla exporters have been approved. «In previous campaigns, we have compiled a comprehensive list of approved exporters. This year, we decided to divide them into three categories, depending on their capacity: craftsmen exporting small quantities, industrialists with greater export capacity and industrial enterprises with authorization for two consecutive campaigns,» said Minister Lantosoa Rakotomalala at a meeting Friday in Toamasina with exporters from the Atsinanana region.