Ethiopia Commodity Exchange (ECX) announced it traded commodities worth over $71 million (2.1 billion birr) in the month of September 2019. During the twenty days of trading in the month, the Exchange traded 21,525 tons of Coffee, 7,111 tons of Soya Bean, 5,083 tons of Green Mung Beans, 3,994 tons of Sesame and 858 tons of White Pea Bean.
Ethiopia Commodity Exchange (ECX) said it traded commodities amounting to a worth of 3.3 billion birr in the month of April.
The Ethiopian Commodity Exchange (ECX) traded over $1.2 billion (33.8 billion birr) worth of commodities in the concluded Ethiopian budget year.
The Ethiopian Commodity Exchange Authority is prepared to establish three branch offices in the regional cities of Gondar, Jimma and Harrar in the current fiscal year.
The branch offices will be in close proximity to warehouses in regional areas that are operated by the Ethiopian Commodity Exchange with the aim of assisting supervision by the management in Addis Ababa.
The plans to construct the three branches were developed in the previous financial year through a mandate given to the exchange as part of the proclamation that established the authority.
The Ethiopian Commodity Exchange (ECX) has announced plans to introduce three new products to its trading platform as part of its ongoing efforts to modernize and expand the country’s commodity market. The new products set to be integrated into the exchange include cotton, opal, and leather.
