FORTUNE+ VIDEO SPONSORED CONTENTS FORTUNE AUDIO TRADE AFRICA new

Fortune Logo

Ceiling Prices for Cereals, Oilseeds Lifted

Oct 8 , 2022

The Ethiopian Commodities Exchange (ECX) will no longer enforce ceiling prices for cereals and oilseeds; leading traders exchange these commodities on a market basis.

Authorities at the Ministry of Trade & Regional Integration have revoked the price caps in a letter sent to the Ethiopian Commodity Exchange (ECX) this week. The ECX sets floor and ceiling prices for trade in oilseeds and pulses following the decision of the Exchange’s board of directors to impose thresholds due to a growing mismatch between prices for sesame at the ECX and in international markets.

Trade Ministry officials regulate the sesame trade, revising the threshold prices for oilseed transactions at the ECX.

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Fairer Green Finance Against Climate Change

The global conference on climate change in Egypt looks to be a defining moment in wha...

Hosting Internet Governance Forum without Internet Access

As Ethiopia hosts a forum on Internet governance next week, three fourth of its more...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

To Liberalize Finance Holy, Regulating It Is Divine

Nov 26 , 2022

In the wake of the liberalization of the telecom sector, Ethiopian authorities have m...

Restore Faith in Constitutional Institutions to Achieve Social Cohesion

Nov 19 , 2022

The rounds of talks to end wars in Ethiopia held in Pretoria, South Africa, and Nairo...

Nairobi Must Double Down on Pretoria

Nov 12 , 2022

Two weeks have passed since negotiators from Ethiopia's federal government and the TP...

Pretoria Deal Represents Courage, Despair and Anxiety

Nov 5 , 2022

Hardly were people prepared for the deals announced last week from Pretoria, South Af...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Amid Talent Dearth, Investment Promotion Falters

I received a call from my foreign national friend who wanted me to accompany him to t...

No Pain No Gain: Hard Work Pays Off

I received a book copy the other week that is yet to be released. It is a biography authored by the noted politician An...

Life Matters

Uncalled Judgment Exposes a Materialist Society

It is difficult to find a society void of stereotypes. The level and how much those p...

At the Gate, Power Misused

I experienced power abuse in the company where I work part-time. After showing my identification card to the security personnel, I entered t...