May Commodity Transactions Hit 2.8b Br

Jun 8 , 2019

The Ethiopian Commodity Exchange (ECX) transacted 55,080tn of commodities valued at 2.8 billion Br in May. Coffee took the lion’s share by contributing 29,382tn, while soybeans and sesame followed at 14,583tn and 8,902tn, respectively. Coffee transactions have shown an increase of 0.66pc compared to the same period last year. Sesame generated 563 million Br in revenue from a transaction volume of 8,902tn. Out of this amount, 72pc of volume and 74pc of value was generated from Humera sesame. Soybeans generated 231 million Br in revenue last month with a transaction total of 14,583tn. ECX also traded 2,213tn of white pea beans for 48.52 million Br. Compared to April, white pea bean transactions showed a decrease of 43pc in quantity and 34pc in value.



Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...



An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...



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