Diagrammatic illustration fig. 1a THE SYSTEM

Excerpt from “Synergizing the Agricultural system in Nigeria” by Jumbo Godwin

HARVESTING PERIODPLANTING SEASON

STORAGE/PRESERVATION

AGRIC &COMMODITYPRODUCERS

SHORT TERMREALCONSUMERS

MEDIUM/LONGTERMCONSUMERS

EXCESS &WASTAGE

EXTRASUPPLY

PRICE

PRICESTABILITY

INVESTMENTBANKS,INVESTORS,INDUSTRIESLIQUIDITY

FUTURESCONTRACT

FUTURESDELIVERY

TRADERS,SHORT TERMSPECULATORS

ETF, CFD,OPTION

CLEARINGHOUSE