Mar 23 , 2024
A three-year strategic plan compiled by the newly elected board of Ethiopian Pulses, Oilseeds & Spices Processors-Exporters Association pledges to address hurdles faced by exporters in the international market. Recent discussions between the board of directors and the management team of the Ethiopian Commodity Exchange (ECX) underscored a collaborative effort to boost export quality and trade processes. Edao Abdi's appointment follows a recent leadership change in the Association, succeeding Sisay Asmare as president. Under Edao's leadership, the Association plans to sign a memorandum of understanding with Wondemagegnehu Negera, head of the Exchange. Wondemegegnehu emphasised the importance of modernising operations to meet both the demands of exchange actors and international trade standards, reflecting a commitment to efficiency and competitiveness. Ministry of Trade & Regional Integration has also mandated pulses and oilseeds exporters to align their international sales contracts with purchase prices from the ECX. Officials believe the directive aims to safeguard consumers against price fluctuations and ensure fair pricing practices in international transactions.
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