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Ethiopian Commodity Exchange to monopolise sesame trading

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08/10/09

  02:37:04 pm, by admin, 176 words  
Categories: Business, Ethiopia, Agriculture

Ethiopian Commodity Exchange to monopolise sesame trading

Ethiopian Commodity Exchange to monopolise sesame trading

By Muluken Yewondwossen

In a move that hands over responsibility for sesame trading exclusively to the Ethiopian Commodity Exchange (ECX), the Ministry of Agriculture and Rural Development (MoARD) is preparing to endorse a new ECX mandate, before the coming harvest season which begins in October 2009.

Sesame is the second largest export crop in Ethiopia and is growing in importance as a foreign exchange earner. Last fiscal year, the country exported 300 million dollars worth of sesame to Far Eastern and European markets.

Africa’s largest sesame exporter, Ethiopia began trading the seed through a new electronic system at its commodity exchange for the first time in early May this year.
Until now, 95 per cent of the sesame crop has been traded individually by small scale farmers with only a small percentage traded through the ECX, on a trial basis.
But the change will mean traders will buy and sell the seed on the trading floor in the same way as the country’s largest export item, coffee.


Read Complete Report from Capital

Tags: ecx

10 comments

Comment from: MonaliZ-a [Visitor]
MonaliZ-a

ECX is another well orchestrated gimmick, a fascist tplf thugs set up mega projects which are designed to control both the outputs and prices of the Ethiopian farmers, particularly the commodities which are the source of foreign exchange. Let be known that, as the saying goes: “all that glitters is not really gold!”…wake up and smell the coffee…this unelected nefsegeday thugs are squandering the meager resources of the country..by ECX… and as means of controlling the outputs of the Ethiopian peasants.

nefsegeday lieba.

Viva Ginbot 7..STAND UP & RISE UP!!

08/10/09 @ 15:11
Comment from: Monde [Visitor]
Monde

TPLF monopolise monopolise monopolise everything! Time is running out for you Tigreans and I do not think you willl be able to collect and trade the next sesame harvest at ECX (Ethiopian Confisicating Exchange) because by then G7 and EPPF will have controlled Humera, Metema, Wolqayt, Quara etc which are the main sesame growing areas and which rightfully belong to Amhara/Ethiopia.

08/10/09 @ 15:38
Comment from: berhanu [Visitor]
berhanu

Monde, you are off topic and I will give off topic response. because you don’t get it. We are tired of hearing your empty kebero. Gem"-boat 7 will sink right in DC before sailing out of 18th st. Because it’s ‘gem’ and it’s run by collection of losers. You need to have real men with balls and brain to run such a grand plan. Ethiopia needs builders and not dividers. please advise each and everyone who wants to participate in political activities in Ethiopia to give up their US citizenship in order to set foot on Ethiopian soil. You will never succeed to do your ugly politics from your comfort remotely. True men give up everything and fight the cause..Period. If you are not willing to do that just ’shut up’. Otherwise, I will send all the ‘gem’ boat 7 losers back to Kaliti Hotel. I hope that you tell these buncha of woregna to man up or SHUT UP on your next town hall meeting in DC. Ethiopians will welcome and join them only when they act like true men. You are also welcome to visit mama ethiopia as long as you tuck your tail between your shintam azz. cheers! your bro from St Cloud.

08/10/09 @ 18:11
Comment from: extraterrestrial [Member]  
extraterrestrial

Another good topic for the useless diaspora to cry over it for the next three days…cry baby cry.

08/10/09 @ 20:01
Comment from: ET [Visitor]
ET

MonaliZ-a, you are a fool of fools. You have no idea what you are talking about. Do you think the small scale farmers that are currently trading their sesame individually are getting good prices? Do you think they are not being taken advantage of by buyers? The commodity exchange is about fairness, qcess to information (i.e. world prices) and efficient distribution. Stop lying or talking when you dont know what is what.

Monde, what have “Tigreans” ever done to you? If people like you ruled Ethiopia there would be no need to argue over sesame because there would be no more country to talk about. You are a bigger fool than Mona Lisa.

08/10/09 @ 21:54
Comment from: Guest [Visitor]
Guest

How is it that everyone is running to make bad or at the least not good judgments towards the ECX and not one has a proof to back their judgments????

08/10/09 @ 22:55
Comment from: KOKEB [Visitor]
KOKEB

BERHANU

I wouldn’t blame u for barking like WEYANE PUPY DOG. Some of us we have to make living. What else?

08/11/09 @ 09:21
Comment from: abdul [Visitor]
abdul

Monaliza is really that Dr. who wrote the negative article about ecx. Dr. hassan is it? You sit on your ass and blame others for trying.

08/11/09 @ 10:04
Comment from: kibrom [Visitor]
kibrom

Birhanu
how is life working in the pig and chicken factory, cutting and slicing all the pig shit!with the beautifull aroma that comes out from the gut of your proffesion, the “pig", keep up the good work in south dakota. cheers!
we are very proud of you what your are doing to feed the people of south dakota and beyond. brother! with out you there is no ham or chicken breast in the market
cheers again!

08/11/09 @ 19:37
Comment from: extraterrestrial [Member]  
extraterrestrial

KOKEB [Visitor]
BERHANU

“I wouldn’t blame u for barking like WEYANE PUPY DOG. Some of us we have to make living. What else?”

Yes, you are making a living and also open your wide mouth to speak your lazy mind at nazret.com but you are not telling us what exactley you are doing for a living. Can you please be more pricise on that instead of covering it just as “have to make living"? Don’t be ashamed on what you are doing to feed yourself rather than your laud mouth.

08/12/09 @ 07:13

rebtel

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