ECX Adds One More Commodity

Jun 29 , 2019

The Ethiopia Commodity Exchange (ECX) has started trading chickpeas at five of its 23 branches as of June 28, 2019. The branches located in Saris, Adama, Bure, Kombolcha and Gonder have started trading the commodity. At the beginning of the current fiscal year, ECX started trading chickpeas and soya, raising the number of commodities to nine. Until June 26 of the current Ethiopian fiscal year, 10,066tn of soybeans valued at 1.2 billion Br have been traded. In the past fiscal year, the country was able to generate 91 million dollars from the export of 49,000tn of chickpeas. Trading the product will improve the export quality and enable suppliers to get paid right after their product has been exchanged, according to Wendimagegnehu Negera, CEO of the ECX.



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