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GMBSLG 2000 : 2000 | LUBP2 1100 : 30 | LUBP4 840 : 40 | LUBP5A 780 : 30 | LUBP5B 630 : 10 | LUFRA2 1035 : 15 | LWFRA2 1130 : 220 | LWFRA3 1000 : 40 | LWJM4 790 : 20 | LWSD2 1080 : 0 | UFRA8 1020 : 40 | UFRAUG 1000 : 0 | UHRA4 1620 : 10 | UHRA5 1490 : 0 | UHRA6 1300 : 10 | UHRA6 1300 : 10 | UHRA7 1200 : 10 | UHRB6 1210 : 20 | UHRB7 1180 : 10 | UHRB8 1100 : 0 | UHRB9 1030 : 50 | UHRC5 1155 : 5 | UHRC6 1130 : 0 | UJMA6 1080 : 71 | UJMA7 1050 : 50 | UJMB6 1080 : 1080 | UJMB7 1060 : 100 | UJMB8 1040 : 130 | UJMB9 1060 : 30 | UJMBUG 1005 : 45 | ULK5 1120 : 1120 | ULK6 1100 : 40 | ULK7 1100 : 60 | UYCA4 1400 : 0 | WGJQ1 1490 : 30 | WGJQ2 1400 : 20 | WKCAQ2 2000 : 65 | WLMA3 1240 : 0 | WLMA4 1210 : 27 | WLMA6 1100 : 1100 | WLMA7 1020 : 1020 | WLMAQ2 1251 : 24 | WLMB3 1200 : 10 | WLMB4 1190 : 10 | WLMB5 1120 : 20 | WLMB6 1100 : 1100 | WSDA3 1370 : 10 | WSDA9 1000 : 1000 | WSDB4 1290 : 80 | WSDB6 1160 : 75 | WSDC3 1300 : 20 | WSDCQ2 1300 : 20 | WYCA3 1600 : 30 | WYCA4 1500 : 5 | WYCAQ2 2000 : 50 | FWPALG 720 : 30 | RWPA4 1050 : 0 | RWPA5 1040 : 0 | RWPA5 1010 : 10 | RWPALG 870 : 10 | RWPALG 940 : 4 | WHGS2 2750 : 110 | WHGS3 2650 : 20 | WHGS3 2680 : 5 | WHGS3 2750 : 30 | WHGS3 2690 : 40 | WHGS4 2570 : 0 | WHGS4 2600 : 40 | WHGS4 2690 : 35 | WHGS4 2635 : 25 | WHGS4 2621 : 61 | WHGSUG 2410 : 140 | WHGSUG 2520 : 30 | WHGSUG 2600 : 0 | WHGSUG 2500 : 38 | WHGSUG 2440 : 10 | WWSS3 2550 : 0 | WWSS3 2450 : 50 | WWSS4 2500 : 50 | WWSS4 2400 : 50 | WWSS5 2350 : 30 | WWSS5 2450 : 60 | WWSSUG 2367 : 83 | WWSSUG 2310 : 50 | WWSSUG 2390 : 60
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Ethiopia: New CEO for ECX merkatocom
Tuesday, December 16, 2014
Ethiopia: ECX Laboratories Equipped With Modern Devices allAfricacom
Thursday, October 09, 2014
Ethiopia’s Commodity Exchange: Brewing a win-win solution Mail and Gurdian
Wednesday, July 09, 2014
Ethiopia Commodity Exchange to Introduce Traceability, Online Trading BERNAMA-NNN-ENA
Wednesday, July 09, 2014
ECX proves beacon of hope for Ethiopian commodities Zawya website
Thursday, February 13, 2014
Ethiopia: Mung Beans Become Sixth Commodity On Ethiopia’s Exchange Floor httpaddisfortunenetarticlesmung-beans-become-sixth-commodity-on-ethiopias-exchange-floor
Tuesday, January 28, 2014
Ethiopia: ECX to Launch Online Trade Operations The Investment Climate Facility for Africa Dar es Salaam Email Print Share Ethiopia ECX
Monday, December 23, 2013
ECX, US to strengthen coffee trading, marketing The Reporter
Monday, February 04, 2013
ECX sign new deal with USAID Capital
Monday, February 04, 2013
Ethiopia: ECX's Exemplary Deeds, and the Passing of the Torch Ethiopian Press Agency
Friday, November 23, 2012
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ECX Appoints New CEO
ECX equips laboratories with best technologies
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ECX Board Appoints Interim CEO
ECX Announces Debut of New Commodity
ECX to Launch Online Trade
ECX Coffee Lab Awarded Prestigious Quality Certification
Dr. Eleni Gabre-Madhin, CEO of ECX wins the African Banker Icon Award
CEO of ECX will attend the Camp David G8 Summit on 19 May
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Realizing the Promise and the Potential of Commodity Exchanges in Africa
National Forum for lasting partnership
ETHIOPIA COMMODITY EXCHANGE (ECX) RECOGNIZED BY CIO MAGAZINE AS ONE OF THE CIO 100 AWARD HONOREES
Sesame Trading Exclusively through ECX  
SCAA Press Release
Sesame Launch - Amharic
Sesame Launch - English
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We have grown-up with ECX

We have grown-up with ECX

Wodera farmers’ cooperative union from North Shoa zone is one of ECX intermediary members.  The union has been trading pea beans and coffee in ECX. Recently, it has brought green mung beans into ECX trade floor and is trading once in a week, which increases the ECX’s commodities number to six.

Ato Yirdaw Alemu, who is the general manager of the union, expressed that the farmers’ cooperative union was established in 1996 E.C in Debre Birhan city. In the beginning, it incorporated 18 farmer associations from 12 Woredas in North Shoa zone. The union’s initial capital was 724,000 birr with registered 11,000 small holder farmer members benefiting from it. 

 “We have achieved remarkable successes in all sectors,” says Ato Yirdaw. And he goes on to say, “The number of farmers’ associations has grown from 18 to 74. The small holder farmers’ number has also increased to 65,000.  The union’s capital reached 39 million birr. Besides, we have built G+3 multi-purpose business building to use as head office. We are generating additional income by letting it. We have also constructed our own huge warehouse which is capable of storing 50,000 quintals.  In addition, we have established agro processing plant including flour factory. We have also bought two lorry and field vehicles.”  

Acording to Ato Yirdaw the union is working in four major areas such as supplying agricultural inputs, delivering industrial products to the farmers by purchasing from different industries, supplying food items to hospitals and universities. In the sector of agro-processing, they are supplying flour as well as dairy products to the market and farmers are highly benefiting from this animal fattening.

“Before joining ECX as intermediary member, we used to trade agricultural products such as pea beans and mung beans purchasing from the farmers.  After becoming ECX member, we have been trading pea beans using the Exchange’s facilities.  Since January 2014, with the support of the Exchange we are trading mung bean as a sixth commodity in ECX trade floor.

“Our participation in ECX is benefiting not only the members of the union but all the small holder farmers as well.  Previously, the farmers’ were selling their produce at low price to individual traders.  Now our union is buying their products with better offer.

“We have exported limited amount of chick peas to Pakistan, India, Russia and UEA. I have also traveled to Dubai to participate in DUBAI international trade fair and expo; I had a chance to meet and discus with our business partners in person. We learnt from our discussion that quality plays crucial role in international market. So, we are making preparations to export the type of chick peas they recommended.  In addition to this, we are to export mung beans to southern Asia and Latin American countries.

“We should be thankful about ECX. It has transformed the Ethiopian traditional trading system in to modern marketing system with technological advancement and transparency. It has also created reliability among business community members who engaged in the agricultural commodity trade. 

“I can say that the clearing and settlement systems are really wonderful,” said the manager. As he remembered that, previously, payment was one of greatest risk areas for sellers. Now they trade their commodities today and they find their money in their account next day. He also appreciated the Exchange’s endeavors in raising the awareness of new clients about the system.  

 As Ato Yirdaw suggested, ECX should build capacities of market actors particularly the cooperative unions so that small holder farmers who grow the crops produce better quality and further benefit from the modern trade.

 Wodera union is in a big ambition to enter the export sector extensively. “We will also strengthen the importing of various agricultural inputs and the distribution of them to the farmers in reasonable price,’” Ato Yirdaw concludes.