#News:Ethiopia’s Commodity Exchange traded 20 billion birr of commodities last year Traders transacted some 20 billion birr worth of commodities on the Ethiopian Commodity Exchange trade floor during the 2012/13 budget year. The total volume of traded commodities, which include coffee, sesame and haricot white beans, reached 552 thousand metric tons, according to the Chief Executive Officer of the Exchange, Ato Anteneh Assefa. 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 193 million birr. The Commodity Exchange currently has 358 members and 12 thousand customers, and since starting in 2008 the value of trade has risen from just 2.7 billion birr to the present level of 20 billion birr.
Posted on: Fri, 09 Aug 2013 14:45:22 +0000
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