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"THE BOX"
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Bengal Stripes
Posted 1/26/2016 11:36 (#5065299 - in reply to #5065180)
Subject: RE:Is it possible that .....



I am with ya, markets/needs will find a way. The problem w/ producers isn't the hedging of the beans in another currency, its storing of the asset after the sale. Need a US $ denominated brokerage account. Attempting to store ones asset in SA currency denominated bank accounts is the killer. Not sophisticated enough to know if Cargill/ADM/Bunge are legally allowed to pay SA producers in dollars, Euro's, or other currency or a certain percentage into an offshore account. I know the US Gov't makes opening bank accounts in your country relatively difficult.
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