Knowledge (XXG)

Ethiopia Commodity Exchange

Source 📝

169: 227:" (ext day payment after a trade) from its clearinghouse to its partner commercial banks. Market data reach is expansive. "Push" price date is transmitted in real time to outdoor electronic ticker boards in 32 rural sites, the ECX website, 256,000 mobile subscribers via instant messaging, the radio, TV and print media. "Pull" market data is available through a toll-free phone-in service. The service received more than 1 million calls in September 2011, 70% coming from rural callers. 142: 188:. As of July 2011, the physical presence of the ECX consists of 55 warehouses in 17 regional locations. It has grown from trading 138,000 tons in its first year to 508,000 tons in its third year, with nearly equal shares of coffee and oilseeds and pulses. The value of the ECX rose 368% between 2010 and 2011 to reach US$ 1.1 billion. As of November 2010, the trading floor in 165:. In Proclamation 2007-550, which created the ECX, its stated objective was "to ensure the development of an efficient modern trading system" that would "protect the rights and benefits of sellers, buyers, intermediaries, and the general public." 216:. It was assessed in July 2011 that membership equaled 243 with clients, who trade through members, about 7,800. Farmer cooperatives represented 2.4 million 181: 340: 176:
The ECX is set up as a private company owned by a partnership of the market actors, members of the exchange, and the Ethiopian government, led by
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Yihenew Tsegaye, manager of the Ethiopia Commodity Exchange's Awassa warehouse, where Ethiopian coffee awaits exportation.
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Currently, the ECX is the only stock or commodity exchange in Africa to have streamlined payment transfers down to "
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The first year of the Ethiopia Commodity Exchange's existence is documented in the PBS
107: 324: 193: 217: 189: 70: 185: 36: 23: 205: 162: 74: 287: 201: 213: 209: 167: 140: 224: 310: 126: 255:"Ethiopia Commodity Exchange Authority Proclamation" 16:
Commodities exchange established in 2008 in Ethiopia
121: 113: 103: 95: 80: 66: 56: 316:TED Talk about the ECX (by Elene Gabre-Madhin) 220:farmers, which make up 12% of the membership. 8: 182:International Food Policy Research Institute 51: 50: 288:"Ethiopia Commodity Exchange: Operations" 247: 271: 269: 267: 311:The Ethiopia Commodity Exchange (ECX) 99:Ethiopian government and participants 7: 14: 341:2008 establishments in Ethiopia 1: 297:(accessed 12 November 2010) 261:(accessed 12 November 2010) 180:a former economist for the 151:Ethiopia Commodity Exchange 52:Ethiopia Commodity Exchange 357: 161:established April 2008 in 145:Eleni Gabre-Madhin at ECX 196:in commodities such as 173: 146: 336:Companies of Ethiopia 171: 144: 159:commodities exchange 61:Commodities exchange 331:Commodity exchanges 117:508,000 tons (2011) 53: 33: /  293:2010-07-06 at the 178:Eleni Gebre Medhin 174: 147: 139: 138: 348: 298: 285: 279: 273: 262: 252: 236:The Market Maker 135: 132: 130: 128: 91: 89: 54: 48: 47: 45: 44: 43: 38: 37:9.011°N 38.747°E 34: 31: 30: 29: 26: 356: 355: 351: 350: 349: 347: 346: 345: 321: 320: 307: 302: 301: 295:Wayback Machine 286: 282: 274: 265: 253: 249: 244: 125: 87: 85: 84:April 2008 41: 39: 35: 32: 27: 24: 22: 20: 19: 17: 12: 11: 5: 354: 352: 344: 343: 338: 333: 323: 322: 319: 318: 313: 306: 305:External links 303: 300: 299: 280: 263: 259:Negarit Gazeta 246: 245: 243: 240: 194:spot contracts 137: 136: 123: 119: 118: 115: 111: 110: 108:Ethiopian birr 105: 101: 100: 97: 93: 92: 82: 78: 77: 68: 64: 63: 58: 15: 13: 10: 9: 6: 4: 3: 2: 353: 342: 339: 337: 334: 332: 329: 328: 326: 317: 314: 312: 309: 308: 304: 296: 292: 289: 284: 281: 277: 272: 270: 268: 264: 260: 256: 251: 248: 241: 239: 237: 233: 228: 226: 221: 219: 215: 211: 207: 203: 199: 195: 191: 187: 183: 179: 170: 166: 164: 160: 156: 152: 143: 134: 124: 120: 116: 112: 109: 106: 102: 98: 94: 83: 79: 76: 72: 69: 65: 62: 59: 55: 49: 46: 42:9.011; 38.747 283: 276:Publications 258: 250: 235: 229: 222: 192:handled 200 175: 154: 150: 148: 18: 218:smallholder 190:Addis Ababa 71:Addis Ababa 40: / 325:Categories 242:References 232:Wide Angle 206:navy beans 186:World Bank 28:38°44′49″E 278:ifpri.org 25:9°00′40″N 291:Archived 184:and the 163:Ethiopia 104:Currency 75:Ethiopia 67:Location 157:) is a 122:Website 88:2008-04 86: ( 81:Founded 202:sesame 198:coffee 114:Volume 234:film 214:wheat 210:maize 96:Owner 212:and 149:The 131:.com 129:.ecx 57:Type 225:T+1 155:ECX 133:.et 127:www 327:: 266:^ 257:, 238:. 208:, 204:, 200:, 73:, 153:( 90:)

Index

9°00′40″N 38°44′49″E / 9.011°N 38.747°E / 9.011; 38.747
Commodities exchange
Addis Ababa
Ethiopia
Ethiopian birr
www.ecx.com.et

commodities exchange
Ethiopia

Eleni Gebre Medhin
International Food Policy Research Institute
World Bank
Addis Ababa
spot contracts
coffee
sesame
navy beans
maize
wheat
smallholder
T+1
Wide Angle
"Ethiopia Commodity Exchange Authority Proclamation"



Publications
"Ethiopia Commodity Exchange: Operations"
Archived

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