ECX Monthly Transactions Hit 2.4b Br

July 13 , 2019


ECX Monthly Transactions Hit 2.4b Br

The Ethiopian Commodity Exchange traded 2.4 billion Br worth of commodities in June 2019. Coffee took the lion’s share of trading with 26,137tn exchanging hands, 58pc of overall volume, and its value accounted for 76pc of the ECX’s total. Soybeans took second place with a traded volume of 11,409tn, which traded for 177.2 million Br. Most of that coffee was exported. For the local market, ECX traded 5,449tn of coffee worth 328.9 million Br. The amount of coffee traded on the floor has increased by 22pc in revenue and 18pc in volume compared to the same period last year. ECX  traded 1,728tn of white beans amounting to 35.5 million Br. Compared to the same period last year, the figure shows a decrease in volume of 24pc but registered a 1.4pc increase in value.


Radar

Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...


Radar

Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...


Radar

TAGGED

Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...