ethiopia commodity exchange pdf

x�3R��2�35W(�2�300P@&�ҹ (Ethiopian Commodity Exchange … 51 0 obj <>stream endobj 0000148346 00000 n 57 talking about this. "contract" meansastandardized agreementto <>>>]/Contents 22 0 R>> 0000001723 00000 n 0000081977 00000 n 0000007296 00000 n �ʁt�1H��@aL*9�K?$��D�%_!�+�� � 1 0 obj Pioneers include the Uganda Commodity Exchange (UCE), the Kenya Agricultural Commodities Exchange (KACE), the Zimbabwe Agricultural Commodities Exchange (ZIMACE) and the South Africa Futures Exchange (SAFEX), all established in the 1990s. This book discusses reforms in the markets for cocoa, coffee, cotton, grains, and sugar and looks at the reasons for success and failure. This book has been developed from a workshop on Technological change in agriculture and tropical deforestation organised by the Center for International Forestry Research and held in Costa Rica in March, 1999. <>>>]/Contents 14 0 R>> The first of its kind in Ethiopia, ECX is a national multi-commodity exchange that • provides market integrity, by guaranteeing the product grade and Surveys of the operation of agricultural traders in two Sub-Saharan African countries suggest that their performance would benefit from policies aimed at increasing their asset base, reducing transaction risk, promoting more sophisticated ... 0000005777 00000 n 136 21 H��Tێ�0}�W���2����e[�X�D$�X�nh����������qk�h 0000081747 00000 n 3 0 obj 0000005908 00000 n 22 0 obj x�3R��2�35W(�2�300P@&�ҹ The Handbook of Multi-Commodity Markets and Products is the definitive desktop reference for traders, structurers, and risk managers who wish to broaden their knowledge base. endobj endstream 0000000956 00000 n ECX Ethiopia Commodity Exchange EFP Exchange of Futures for Physicals EU European Union FACOMEX First African Commodities Exchange, Nigeria GBOT Global Board of Trade, Mauritius ICT Information and communications technology ICX Integrated Commodity Exchange of Africa IFC International Finance Corporation The Ethiopia Commodity Exchange (ECX) inaugurated Tepi branch in Sheka Zone, Southern Nations, Nationalities and Peoples Region (SNNPR) at a cost of over 15 million Birr. 4qD��( j�� Ethiopia’s official currency is Ethiopian birr. The word birr was initially a non-English word before 1976 with its English translation being a dollar. 21 0 obj 0000110316 00000 n Ethiopia Commodity Exchange (ECX) is a commodities exchange established April 2008 in Ethiopia. 0 �ʁt�1H��@aL*9�K?$��\�%_!�+�� �� 0000158877 00000 n Ethiopia is a major <> 0000003673 00000 n 0000143584 00000 n 0000001422 00000 n By insuring against operational risks the ECX helped regain confidence from the banks to finance receipts. 0000107872 00000 n x�3R��2�35W(�2�300P@&�ҹ A structured questionnaire was prepared to collect data. "� %��V ECX has begun its operation by only offering spot trading and with a legal mandate to launch futures contract transactions in the future. endobj endobj xref Since it was established in 2008, it has been the subject of both praise and criticism from across the coffee industry. 0000002789 00000 n x�3R��2�35W(�2�300P@&�ҹ ��0E"ಪRS@��l��L�� �V�`7PH�*����ϔ.��F��I�E���� �t��@�S$���zAVl�KT�D���O(ھ��S@bB�ٝ�T-ǀ&�yƕ�ܧ~ZS� b~��] B�2�3)�u �_O(b�t�]x}2�.����2�n*��,�{L�WzF���/��� I��)}rZS�Q �,�"#v����L��[��ώG5K:]:��[����b00��wt�hv������B�� This toolkit provides a framework, guidelines, and practical tools for conducting an analysis of a country's trade competitiveness in terms of growth and share performance, diversification, and quality. This Proclamation establishes the Ethiopia Commodity Exchange as a wholly state-owned market institution having its own legal personality. �+R@&�ҹ 6f� 550/2007, with the main objective of providing a fair and equitable market place for agricultural commodities. endstream endobj 137 0 obj<> endobj 139 0 obj<> endobj 140 0 obj<>/Font<>/XObject<>/ProcSet[/PDF/Text/ImageC]/ExtGState<>>> endobj 141 0 obj[/ICCBased 148 0 R] endobj 142 0 obj<> endobj 143 0 obj<>stream Since the exchange began in 2008, it has proved a major breakthrough for Ethiopian smallholders. Ethiopia's top 10 exports in 2019 were Coffee, Tea, Mate & Spices (31%), Oil Seeds & Oleaginous Fruits (17%), Live Trees & Other Plants (9%), Knitted or Crocheted Apparel & Clothing (5%), Not Knitted or Crocheted Apparel & Clothing (5%), Machinery (4%), Edible Vegetables & Certain Roots (4%), Pearls & Precious Stones (3%), Meat & Edible Meat Offal (2%) and Raw Hides & Skins (2%) as per Ethiopia import statistics. stream The Ethiopia Commodity Exchange (ECX) was established in 2008 to create greater prosperity in the country’s traditional agricultural industry. 10 0 obj 0000003370 00000 n 5 0 obj stream 0000001892 00000 n "MAFAP's Synthesis report presents key findings from an unprecedented effort to systematically monitor and analyse the effects of food and agricultural policies in ten developing countries across Africa: Burkina Faso, Ethiopia, Ghana, Kenya ... �ʁt�1H��@aL*9�K?$���P�%_!�+�� �� Including a range of contributions from both academic and professional standpoints, this volume is a key reference work on the economy of Ethiopia. ڀ endobj 17 0 obj This book presents results from political economy studies of food price policy in 14 developing countries as well as the United States and the European Union. (2010) assert that since 2004, more and more countries have been launching exchanges-notable ones include Malawi in 2004, Nigeria in 2006, the Ethiopian Commodity Exchange (ECX) in … <> Found insideA Haile, A Volk and T Rehermann, 'Creating Agricultural Markets: How the Ethiopia Commodity Exchange Connects Farmers and Buyers through Partnership and ... Mission and Vision Mission. cQ����i�ѣr�T,=Ig���C���KK�6\JS��$zd�)�rW�2x����Gi��xv. 0000051625 00000 n ECX represents the future of Ethiopia, bringing integrity, security, and efficiency to the market. More specifically, we analyze to what extent the Ethiopian Commodity Exchange (ECX) in combination with regional warehouses have contributed to a reduction in price spreads between regional markets. <<5dd60e50b1b72c429dd40fa429a68065>]>> Found insideThe two worlds traded and exchanged know-how and technology. This book examines the specific spaces of interaction of these exchanges and discusses the consequences for those projects of globalization undertaken in both world regions. stream View The_Role_of_Ethiopia_Commodity_Exchange.pdf from DEVELOPMEN 412 at University of Nairobi. This accessible report, with illustrations and many visual aids, outlines the extent of the crisis in the coffee market and the reasons behind it, and presents a strategy for action. <> el\5����5B����wt�����`R� ��@2NPE�2��RɁ��AN@��)������hz6��p~b`Pۧ� �`Р� ��� �-��724Mj���4�|���6�W��,_�$"?0�`tbH`P``t�^�������4��9����4���f=��gP(�@� By&� In this clear, concise book, Clifford Winston offers his innovative analysis—shaped by thirty years of evidence—to assess the efficacy of government interventions. Ethiopian Commodity Exchange (ECX) on commercialization levels of smallholder farmers in Ethiopia, and Hussein (2010) who find that ECX is weak-form inefficient but that traders can earn excess profit using the predictability in price series. <>>><>>><>>><>>><>>><>>><>>><>>><>>><>>><>>><>>><>>><>>>]/Contents 26 0 R>> To address traceability 0000002694 00000 n 13 0 obj 0000004403 00000 n "���Y�z��O�a>�� ������'�i�jlwNpl��|(� �K�[?�pH#T=߹u��� %PDF-1.4 %���� endobj The database includes a commodity terms-of-trade index—which proxies the windfall gains and losses of income associated with changes in world prices—as well as additional country-specific series, including commodity export and import ... :�?�����nA�a�_�V�:����v�����r���y���ۙ�. Several commodities, amongst which important export crops like coffee and sesame, are now sold through the ECX. endobj %PDF-1.3 %���� 3/ "authority" means the Ethiopia Commodity 'Exchange Authority established under ProclamationNo.551/2007. %PDF-1.4 0000077992 00000 n x�3R��2�35W(�2�300P@&�ҹ endstream <>>><>>><>>><>>><>>><>>>]/Contents 4 0 R>> Ethiopia commodity exchange authority annual report forum paper, reports and documents of EDRI and national bank of Ethiopia regarding commodity exchange performance of Ethiopia at different time. And finally….Hope in What Ethiopia Can Achieve 18. As depicted in Figure 3, Ethiopia’s commodity exchange trade value of coffee and sesame have remained buoyant—about 10 billion Ethiopian birr (equivalent to $440 million) in the first half of 2017 alone. GOE established the Ethiopia commodity Exchange (ECX) to handle the marketing of agricultural commodities like coffee, sesame, and beans. <>>><>>><>>><>>><>>><>>><>>><>>><>>><>>><>>>]/Contents 24 0 R>> 0000006611 00000 n x�b```"&f!b`e`�s|ddPD�`���ui�3��R�*&f&t�O�T`��ƒ����u�H:�;��� �X��6���粘ܚ�����]�q=�h��W��� ^���.=W���n���t��S��ڤ���rRSa 4 0 obj x��]YsG�ވ}��'G�A����j�����޵ǖ4�����=@�(��߷�ueV���t�b£f�ά�w'/^w}u�=i�˓�'��1���?/�U߼=i��ToX�VC3�'�+�UZwMo*�6J(U�}wRk5{�;�U\ixZ���|�Z���3�Bg�:�\P���o�nZi�����uе�U�af�Au�x;;��[al���f�}�����v���V��y�=v$RG0D��ȯ�5�eh0�����ۓ�O�o&Q�T$M��f��m���������f�E��0�������L�\p��8���/�M������X�������u��5/Q!i��h��h>��T�m��V�iE%�v���v�k14Я�@�B��S�_�z��ǭ0��z�S���]�N�U��u���_뷫��5) &�_�_����a�u�_��½���l�j�� the Ethiopia Commodity Exchange Proclamation No. stream The ECX is a unique partnership of market actors, the Members of the Exchange, and its main promoter, the Government of Ethiopia. Based on the author’s industry experience with commodity derivatives, this book provides a thorough and mathematical introduction to the various market conventions and models used in commodity option pricing. �ʁt�1H��@aL*9�K?$���H�%_!�+�� �� 6 0 obj <> Found insideThis is the United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2020 and 2021. Other traded commodities include green 16 0 obj The exchange includes a trading floor in Addis Ababa, six warehouse delivery locations, and 20 electronic price tickers in major market towns. %%EOF endobj Journal of Economics and Sustainable Development www.iiste.org Found inside – Page 107BBC (2010), “Ethiopia Commodity Exchange hopes to improve food security”, www.bbc.com/ ... handle/10986/9256/wps4097.pdf?sequence=1&isAllowed=y. Ob��Ҵ� ��p� �,��tlU(�5 ECX is a public market facilitating institution that was established in �ʁt�1H��@aL*9�K?$���@�%_!�+�� �� ETHIOPIAN COMMODITY EXCHANGE (ECX)-COOPERATIVES NATIONAL FORUM Opening Remarks Dennis Weller, Mission Director January 31, 2013 I am pleased to represent the US Agency for International Development (USAID) and the American people today at the 2nd Annual Ethiopian Commodity Exchange (ECX) smallholder farmers in Ethiopia, and Abdurezack (2010) finds that traders can earn excess profits using the predictability in price series even after the introduction of the Ethiopian Commodity Exchange (ECX). It is a trading platform where buyers and sellers come together to trade, assure quality delivery and payment. Found insideConsequently, only a little over 26% percent of the total export earnings is contributed by coffee during the year of 2011 (FDRE, 2011). This is the lowest share earned from export of coffee in the history of economy. l� According to Hana Behaila, writing on behalf of the Ethiopian Commodity Exchange, small-scale farmers produce 95 percent of Ethiopia’s agricultural output and they have been hungry for information linked to price and quality. 0000028679 00000 n Rashid et al . stream They have wanted a fair �ʁt�1H��@aL*9�K?$��H�%_!�+�� C� <> 0000006195 00000 n The series, Commodities at a Glance, aims to collect, present and disseminate accurate and relevant statistical information linked to international primary commodity markets in a clear, concise and reader-friendly format. Further analysis of the conditions under which commodity exchange institutions lead to market efficiency is therefore needed. A commodities exchange is an exchange, or market, where various commodities are traded . Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals ). endstream &�eF� ~�Q�誵t�Dt=(��R��쉘��^K�r���4V�E@Db�$�L@Zv$�V`�`�k�FWfnL~D��L�b0V���X�����D���2NM�Z7���ѷ��o�xw��?�,�A8M }Ӆ�! A regional rice index that is representative of the most exported and consumed grades of rice can be feasibly developed and used as a benchmark for ASEAN rice prices. 27 0 obj 0000130848 00000 n endobj endstream stream Canadian Journal of Business and Information Studies, 2(3), 54-65, 2020 – Publisher homepage: ECX is a state owned public –private partnership enterprise <> This is a book about poverty but it does not study the poor and the of!, trade through the ECX, which was launched in 2008, it been... Eat and drink objective of providing a fair and equitable market place agricultural... 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