The Ethiopian Commodity Exchange (ECX), is to switch to online trading in the third quarter of the current fiscal year, capital reported.
Currently, the exchange conducts physical trading from its headquarters located at Mexico Square in Addis Ababa, Ethiopia.
The Ethiopian Commodity Exchange (ECX) revealed that it conducted transactions totaling nearly Birr 19.4 billion over the past nine months. This involved trading 172,000 metric tons of various agricultural commodities.
Ethiopian Commodity Exchange (ECX) traded 14.47 billion birr’s worth of agricultural commodities in the first half of the 2017/18 fiscal year, it reported.
Ethiopian Commodity Exchange (ECX) started trading rice digitally on April 6, 2023 by trading grade one rice entered by ECX’s Bure branch for Birr 6,400 per quintal. A total of 60 quintals of rice were traded for Birr 383,232 on the same date.
Ethiopian manufacturing industries and import-export companies are participating in the 8th World Cooperation Industries Forum. The Forum is being held in Istanbul with a view to enhancing the cooperation between African and Turkish investors and showcase the products of Turkey’s Small and Medium Enterprises.
The Forum will be closed on March 23rd. It is hosting manufacturers from 41 countries and 300 Turkish manufacturers. Close to 1000 visitors are expected to attend the Forum.
Source: Fana BC and WCI Forum
Image source: Fana BC
