Commodity Transactions Hits 2.4b Br

Sep 14 , 2019


[ssba-buttons]

Ethiopian Commodities Exchange (ECX) has transacted 2.4 billion Br from 41,339tn of commodities in August. Out of the transacted value, coffee covers 61pc of the total volume and 80pc of the value. The 25,385tn of coffee transacted in the reported period generated 1.9 billion Br. Compared to the same period last year, coffee saw a 22pc increase in volume and a 35pc increase in value. ECX also transacted 292.8 million Br worth of sesame on volumes of 5,115tn. Compared to the previous month of July, sesame transactions increased by 78pc in volume and 115pc in value. It also transacted 1,386tn, 7,498tn and 1,955tn of red kidney beans, soya beans and green mung beans, generating 28 million Br, 115 million Br and 58.3 million Br, respectively.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...