The Baltic Exchange is a commodity and freight-chartering exchange in the City of London. It takes its name from the trade in grain with Baltic ports that was the mainstay of its business in the 18th century. International commodity trading continues in grain, potatoes, and meat under the auspices of the Grain and Free Trade Association (GAFTA). The exchange is also a centre for chartering freight for goods shipped by sea and for chartering aircraft for both goods and passengers. Dealings in forward freight are supervised by the Baltic International Freight Futures Exchange (BIFFEX). Research Baltic Exchange