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GMBSLG 2060 : 50 | LUBL5B 480 : 1 | LUBP2 1029 : 13 | LUBP3 932 : 27 | LUBP4 771 : 26 | LUBP5A 735 : 76 | LUFR5BC 473 : 23 | LUFRA5B 412 : 79 | LUWG5A 549 : 3 | LUWG5C 462 : 2 | LWBP1 1243 : 47 | LWBP2 1221 : 12 | LWBP3 1030 : 48 | LWSD1 1190 : 88 | UBM6 1152 : 45 | UBM8 1125 : 45 | UBM9 1135 : 75 | UBMUG 1114 : 11 | UHRB4 1662 : 1 | UHRB5 1622 : 92 | UHRC3 1645 : 0 | UHRC4 1612 : 0 | UHRC5 1580 : 0 | UKF5 1208 : 32 | UKWQ2 1380 : 73 | ULK3 1355 : 5 | ULK5 1311 : 6 | ULK6 1299 : 0 | ULK7 1236 : 1 | ULK8 1158 : 33 | USDAUG 902 : 902 | USDCQ2 1601 : 101 | WGJQ2 1585 : 5 | WSDAQ1 1750 : 150 | WSDB4 815 : 232 | WSDBQ2 1400 : 0 | WYCAQ1 2200 : 35 | WYCAQ2 1840 : 20 | RWPA5 1450 : 0 | RWPA5 1615 : 5 | RWPALG 1605 : 9 | WHGS2 4200 : 720 | WHGS3 4700 : 48 | WWSS3 4510 : 360 | WWSS3 4550 : 258 | WWSS4 4515 : 232 | WWSS4 4540 : 340 | WWSS5 4100 : 100 | WWSS5 4550 : 350

Head QuarterThe Ethiopia Commodity Exchange (ECX) is a new initiative for Ethiopia and the first of its kind in Africa. The vision of ECX is to revolutionize Ethiopia’s tradition bound agriculture through creating a new marketplace that serves all market actors, from farmers to traders to processors to exporters to consumers. The ECX is a unique partnership of market actors, the Members of the Exchange, and its main promoter, the Government of Ethiopia. ECX represents the future of Ethiopia, bringing integrity, security, and efficiency to the market. ECX creates opportunities for unparalleled growth in the commodity sector and linked industries, such as transport and logistics, banking and financial services, and others.

ECX assures all commodity market players the security they need in the market through providing a secure and reliable End-to-End system for handling, grading, and storing commodities, matching offers and bids for commodity transactions, and a risk-free payment and goods delivery system to settle transactions, while serving all fairly and efficiently.

ECX creates trust and transparency through aggressive market data dissemination to all market actors, through clearly defined rules of trading, warehousing, payments and delivery and business conduct, and through an internal dispute settlement mechanism. ECX provides market integrity at three important levels: the integrity of the product itself, the integrity of the transaction, and the integrity of the market actors.

The Ethiopia Commodity Exchange (ECX) commenced trading operations in April 2008. ECX has invited membership of the agricultural and trade industry.

The Ethiopian Commodity Exchange was started to benefit and modernize the way Ethiopia was trading it’s most valuable assets, it’s commodities. Ethiopia needed a change from the traditional means of trading to better support the needs of all those involved in the trading and production.

Before ECX was established agricultural markets in Ethiopia had been characterized by high costs and high risks of transacting, forcing much of Ethiopia into global isolation. With only one third of output reaching the market, commodity buyers and sellers tended to trade only with those they knew, to avoid the risk of being cheated or default. Trade is done on the basis of visual inspection because there was no assurance of product quality or quantity, this drove up market costs, leading to high consumer prices. For their part, small-scale farmers, who produce 95 percent of Ethiopia’s output, came to market with little information and are at the mercy of merchants in the nearest and only market they know, unable to negotiate better prices or reduce their market risk.

ECX is developing a new method of exchange and a safer one for all who trade on it.

A marketing system that coordinates better, that links faster, and that protects the interests of both sides of the trade. It is time for a marketing system that is transparent, efficient, and innovative, that will take Ethiopian agriculture into the new Millennium. Ethiopia, once a commercial trading hub in antiquity linking markets of East and West, can again claim a place in the global market arena.

The Ethiopia Commodity Exchange, (ECX), is a marketplace, where buyers and sellers come together to trade, assured of quality, delivery and payment. The vision of ECX is to transform the Ethiopian economy by becoming a global commodity market of choice. ECX’s mission is to connect all buyers and sellers in an efficient, reliable, and transparent market by harnessing innovation and technology, and based on continuous learning, fairness, and commitment to excellence. 

Mission and Vision

Our Vision: Is to transform the Ethiopian economy by becoming global commodity market by choice.

Our Mission: Is to connect all buyers and sellers in an efficient, reliable, and transparent market by harnessing innovation and technology and based on continuous learning, fairness, and commitment to excellence.

ECX Edges

The ECX design is unique in that it integrates the entire "eco-system" related to the market, spanning the central trading system, warehouse delivery centers, product grade certification, clearing banks, an arbitration tribunal, a market information system linking rural sites, remote electronic trading centers, and a secure data center to manage membership and market information. An over-arching legal framework and a government regulatory agency ensure the viability of this entire integrated environment. This integration enables a country such as Ethiopia, where none of the individual components may exist as stand-alone institutions, to mutually support and reinforce the ECX market objectives.

How ECX Works

The first of its kind in Ethiopia, ECX is a national multi-commodity exchange that provides low-cost, secure marketplace services to benefit all agricultural market stakeholders and invites industry professionals to seek membership enabling them to participate in trading.
ECX promotes and enables the following market services:

Market integrity, by guaranteeing the product grade and quantity and Operating a system of daily clearing and settling of contracts.
Market efficiency by operating a trading system where buyers and sellers can coordinate in a seamless way on the basis of standardized contracts.
Market transparency by disseminating market information in real time to all market players.
Risk management by offering contracts for future delivery, providing sellers and buyers a way to hedge against price risk.

Abenet Bekele
Chief Planning and Corporate Communication Officer

Responsible for Strategy Planning, Member Development, Product Development and Member Client Relations. Has more than 14 years of prior experience in Hospitality Financial Management, Commodity Trading Management and Strategic Planning, MCOM in International Business Operations from Indra Gandhi National Open University, and B.A in Marketing Management from Addis Ababa University.

Corporate Entity

ECX is established as a demutualized corporate entity with clear separation of Ownership, Membership, and Management. Thus, owners cannot have trading stake, members cannot have ownership stake, and the management can be neither drawn from the owners nor from the members.
ECX is designed as a public-private partnership enterprise, in a unique institutional innovation for Ethiopia. At its inception, ECX is promoted by the Government of Ethiopia. At the same time, ECX offers the sale of Membership seats, which are privately owned, permanently and freely transferable rights to the stream of earnings from trading on the Exchange.
As Owner, the Government of Ethiopia underwrites all performance risk of the Exchange related to the Exchange operated or appointed warehousing and grading of product, trading system, market information dissemination, and clearing and settlement. Members, for their part, are liable for contract performance on their own trades as well as of their Associates and Authorized Representatives.
The corporate governance of ECX maintains a healthy balance of owner and member interests. Thus, the Management Board is composed of Owner representatives and 5 Member representatives.

  1. Proclamation to Establish the Ethiopian Commodity Exchange Authority No.551/2007
  2. Proclamation to Establish the Ethiopia Commodity Exchange No:550/2007
  3. Rules of the Exchange
  4. Rules Amendment No 6 2012 Eng v approved by the Authority on April 26 2012
  5. Rules Amendment No 7 2013 Eng v approved by the Authority on February 08 2013
H.E. Ato Sani Redi | Board Chairman
H.E Ato Tesfaye Mengiste | Board Memeber
H.E. Ato Getachew Negash | Board Member
H.E. Ato Zekarias Erkola | Board Member
H.E. Ato Mulugeta Alemayehu | Board Member
H.E. Ato Kassahun Hailemariam | Board Member
H.E. Ato Hussien Agraw | Board Member
H.E. Ato Zerihun Kamiso | Board Member
H.E. Ato Kassahun Bekele | Board Member
Ato Abdela Bagersh | Board Member