Home News ECX Trades over 39 Billion Birr Worth Commodities in Fiscal Year

ECX Trades over 39 Billion Birr Worth Commodities in Fiscal Year


July 15/2021 (ENA)   The Ethiopia Commodity Alternate (ECX) introduced that it has traded 39.6 billion Birr value commodities within the simply concluded Ethiopian fiscal yr.

ECX Chief Govt Officer Wondimagegnehu Negera informed journalist immediately that 614,586 metric tons of commodities, with espresso and sesame contributing 35.5 and 31 p.c of the whole quantity, respectively, had been traded.

Ethiopia has secured 3.6 billion USD from export this fiscal yr, greater than the three.029 billion USD within the previous funds yr, the CEO stated, including that out of this 902 million USD was obtained from espresso, which was exchanged by means of ECX, and over 600 million  USD from gold.

In line with him, ECX has additionally collected 1.7 billion Birr tax within the fiscal yr and transferred it to the federal government.

Wondimagegnehu additional stated 430,680 quintals of soybeans have been traded at a value of 990 million Birr by means of a particular advertising window to supply inputs for agro-processing industries.

The CEO acknowledged that ECX earned a complete of 775 million Birr from operational and non-operational sources within the simply ended funds yr, which is 106 p.c of the plan. The efficiency is 20 p.c greater than the final funds yr.

ECX and Ministry of Mines and Petroleum signed in Might a memorandum of understanding to modernize the mining market chain, Wondimagegnehu recalled, declaring that ECX is seeking to introducing opal, sapphire, and emerald to its change system within the upcoming funds yr.    


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