Ethiopian Commodity Exchange trades over USD1bn in year to July

According to an Ethiopian Government press release, Traders on the Ethiopian Commodity Exchange (www.ecx.com.et) transacted some Birr 20 billion ($1.05 bn) worth of commodities on the trading floor during the 2012/13 Ethiopian state budget year, which is until 7 July 2013.
Anteneh Assefa, Chief Executive Officer of the ECX, said that a total of 552,000 metric tons of traded commodities, which included coffee, sesame and haricot white beans, were involved. Coffee made up 45% of the total volume of trade, sesame 40% and haricot white beans 15%. The Exchange’s revenue from its services, including warehousing, was reported to have reached Birr 193 million The ECX has 358 members and 12,000 customers. Since starting in 2008 the value of trade has risen from Birr 2.7 bn.

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