Niger Seed Joins ECX Floor

Dec 14 , 2019

Niger seed joins the trading floor of the Ethiopia Commodity Exchange (ECX) as the 10th agricultural commodity. Eight of the ECX's branches, Addis Abeba, Saris, Bure, Nekemte, Gonder, Kombolcha, Assosa and Pawi are ready to receive Niger seed, according to a statement from the ECX. "The addition of Niger Seed in the modern trading system can help to reduce the illegal transactions and foster the country’s export trade," reads a statement from the ECX. In November the ECX traded 60,825tn of commodities worth 2.8 billion Br. From the traded commodities, sesame took the lion's share in volume, accounting for 29,300tn, followed by coffee with 21,704tn. Green mung beans, white pea beans and soya beans were next in line with 5,428tn, 3,310tn and 1,083tn, respectively.