The Ethiopia Commodity Exchange has lifted the minimum price limit of coffee to allow prices to adjust to the declining 
coffee prices on the New York Reference market.
As of last week the price of Arabica Coffee has shown the sharpest decline since last October of 2010 on the New York commodity future exchange market.
The price for Arabica registered last week was a 16 month low dropping to 1.8620 a pound.
The Ethiopia Commodity Exchange announced a partnership with the Commercial Bank of Ethiopia (CBE) and IFC (International Financial Cooperation), a member of the World Bank Group, to launch a Warehouse Receipt Finance program for maize (corn), the Exchange said in a press release sent to 2Merkato.com.
The Ethiopia Commodity Exchange (ECX) announced that it has added niger seed to its list of agricultural commodities on its platform. In a press release sent to 2Merkato.com, the Exchange said the product “has been attracting the modern marketing system.”
Ethiopia Commodity Exchange intends to expand the range of crops it trades and wishes to introduce stocks and bonds in its five year expansion plan, Chief Executive Officer Ermias Eshetu said.
Ethiopian Commodity Exchange (ECX) announced plans to expand its offerings beyond agricultural products to include industrial inputs. Dawit Mura, Head of Corporate Communication at ECX, revealed the diversification plans after reporting sales of Birr 19.4 billion worth of products within nine months of the fiscal year.
