Ethiopian Commodity Exchange (ECX) transacted commodities that were worth 26.5 billion Birr in the just ended fiscal year. The commodities transacted were a total of 621,538 tons.

According to Fortune the transaction is said to be the highest ever since the commodity exchange was founded back in 2008.

Coffee took the major share from the commodities that were sold and bought at the exchange. Total of 19.5 billion Birr worth 302, 997 Tons of coffee was sold at the exchange. This was 4 percent leap from the target set by the start of the fiscal year.

Nevertheless, the overall transaction performance has declined by 17 percent when compared to the last fiscal year’s. The production cost on the other hand has rose by percent.

Hence, the transaction cost of coffee and white soybean rose by 38 percent and 77 percent respectively. The transaction cost of sesame declined by 23 percent.

The transaction amount of coffee and white soybean has also increased by 17 percent. Sesame once again has decline in this spectrum by 33 percent.

The last fiscal year also saw 88,659 transactions taking place. The payments were made through 11 banks.

Source: Fortune