Ethiopian commodity marketing system attracts interest

Kenya is one of three countries that are eyeing software developed by the Ethiopian Commodity Exchange (ECX) to market and sell agricultural products through an internet portal. The others are Zimbabwe and Tanzania who believe the tool that can improve farmer’s earnings. This was announced by ECX chief executive Dr Eleni Gadri-Madhini said at the seventh African Fine Coffee Conference and Exhibition held in Mombasa last week.

The software serves farmers, traders, processors, exporters and consumers. It provides a secure and reliable system of handling, grading, and storing commodities, matching offers and bids for commodity transactions, and a risk-free payment and goods delivery system. Once adopted, farmers will have increased access to market information and be able to trade coffee directly.

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