The Ethiopian Commodity Exchange (ECX) traded over $1.2 billion worth of commodities in the concluded Ethiopian budget year.
The Exchange transacted a total of 681, 845 tonnes of commodities, surpassing its target of trading 673,057 tonnes, said Wondimagegnehu Negera, Chief Executive Officer (CEO) of ECX.
Coffee and sesame were the major commodities transacted with share of 45 percent and 34 percent, respectively, according to the CEO.
Two e-Trade centers built at a cost of over $700,000 in the city of Hawassa and Humera were also inaugurated during the last budget year which ended on July 7, 2019.
The Ethiopia Commodity Exchange (ECX) is a national multi-commodity exchange in Ethiopia that brings together buyers and sellers of agricultural commodities. Participants on the ECX trade spot contracts that standardize the quality, quantity, payment and delivery of agricultural goods.
MG/abj/APA