INTERNATIONAL ORGANISATION ROUND UP
May 1st, 2008
BY KEITH NUTHALL
ETHIOPIA COMMODITY EXCHANGE OPENS
ETHIOPIA has opened a commodity exchange, designed to bring order to the country's often chaotic food markets. Their informality effectively forces farmers to sell locally to traders they know and trust. This prevents commodities moving from regions where there is abundance to those where there are shortages, intensifying the risk of famine and for prices to plummet in districts with a production glut. The Addis Ababa exchange - called the ECX - will trade in six commodities: coffee, sesame, haricot beans, ...
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