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GMBSLG 2230 : 0 | LUBL5B 480 : 20 | LUBP1 1207 : 110 | LUBP2 1052 : 39 | LUBP3 982 : 11 | LUBP4 893 : 20 | LUBPAA5 742 : 36 | LUFRA5B 431 : 10 | LUFRA5C 343 : 7 | LUJM5A 524 : 8 | LUWG5A 585 : 9 | LUWL1 949 : 949 | LUWL4 606 : 5 | LWBP1 1292 : 12 | LWBP2 1229 : 32 | LWBP3 1188 : 6 | LWBP4 1006 : 30 | LWJM1 1426 : 5 | LWSD1 1200 : 71 | LWSD1 1375 : 1375 | LWSD2 1094 : 46 | LWSD2 1162 : 25 | UBLQ2 1900 : 150 | UBM7 1167 : 15 | UBM8 1120 : 6 | UGJQ2 2050 : 200 | UHRB3 1700 : 20 | UHRB4 1650 : 5 | UHRC4 1570 : 80 | UKF4 1250 : 0 | ULK6 1245 : 5 | ULK7 1240 : 4 | ULK8 1141 : 36 | USDE9 1072 : 13 | UYCB6 1450 : 20 | WKFQ2 1085 : 15 | WSDA3 1300 : 85 | WSDAQ2 1460 : 15 | WSDDQ2 1455 : 25 | WYCA3 1551 : 1 | RWPA5 1450 : 20 | RWPA5 1600 : 10 | RWPA5 1550 : 0 | RWPALG 1388 : 9 | RDSS2 4450 : 50 | WHGS2 4900 : 400 | WHGS3 5000 : 250 | WHGS3 4940 : 260 | WHGS3 4900 : 245 | WHGS4 4900 : 300 | WWSS3 4900 : 250 | WWSS4 4900 : 165 | WWSS5 4900 : 250
Current News
Press Release
Endorsement And Testimonials
Events
 
ECX Stretches with Widened Scope Fortune Addis
Monday, July 17, 2017
We are looking at how more farmers can come and sell on the exchange directly:
Wednesday, July 12, 2017
ECX trades 246,752 MT in six months httpwwwfanabccomenglishindexphpnewsitem-ecx-trades--mt-in-six-months
Thursday, February 23, 2017
ECX move in to regions, set to launch 7 more e-trading Centers httpthereporterethiopiacomcontentecx-move-regions-set-launch--more-e-trading-centers
Thursday, February 23, 2017
ECX trade value reaches 10.1 billion Birr Capital
Friday, February 03, 2017
Billions in Commodities Traded, Reveals ECX Addis Fortune
Wednesday, January 25, 2017
Ethiopia: ECX Laboratories Equipped With Modern Devices allafricacom
Wednesday, March 18, 2015
Ethiopia: ECX Laboratories Equipped With Modern Devices allafricacom
Wednesday, March 18, 2015
Ethiopia: New CEO for ECX merkatocom
Tuesday, December 16, 2014
Ethiopia: ECX Laboratories Equipped With Modern Devices allAfricacom
Thursday, October 09, 2014
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February Market Performance 2018
ECX Signed Payment Service Agreement with Buna  International Bank
ECX introduced a new trading model for coffee
የቡና ግብይት የአሠራር ሥርዓት ማሻሻያ ተግባር ላይ ሊውል ነው
ECX Concludes MoU with Malawian Exchange
ECX Hosts SCAA Origin Trip to Ethiopia
ECX Inaugurates eTRADE Platform, Introduces New Coffee Grading System, and Launches Enhanced SMS/IVR Services
ECX Launches Independent Food Traceability System
ECX Spins-Off Warehouse and Quality Operations; Revolutionizes Trading Through ECX Online Platform
ECX Appoints New CEO
ECX equips laboratories with best technologies
ECX Registers Strong Performance
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
ECX receives Agribusiness Investment Award for “Agricultural Commodities Initiative of the Year in 2011”
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
IFC Press Release
 
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.