ECX Half Year Transaction Hits 14b Br

Feb 16 , 2019

The transaction at the Ethiopian Commodity Exchange hit 14 billion Br in the first half of the current fiscal year. The value was recorded from the transaction of 256,000tn of commodities. Coffee takes the largest share in volume with 76pc, followed by sesame and white pea beans that account for 16pc and eight percent, respectively. ECX has achieved 88pc of its volume and 111pc of its value targets. The volume transacted by the ECX shows a 17pc decline. The hoarding of products by traders hoping prices spike and political uncertainty in some parts of the country were cited as reasons for the decrease by the ECX. In the first month of the second half of the current fiscal year, ECX traded 74,029tn of commodities worth 3.5 billion Br.