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Agriculture Reporter
IN a bid to ensure safe and secure financing as well as convenient transactions of agricultural commodities, the Zimbabwe Mercantile Exchange (ZMX) has liberalised the marketing and trading of soyabean, wheat and barley.
This follows the gazetting of Statutory Instruments 129 and 130 by Government on July 21, which now allows self-financed farmers and private contractors to sell these commodities through ZMX.
ZMX operates an electronic warehouse receipt system and commodities trading platform.
Confirming the development in a statement, ZMX said more commodities had been added to its weekly auction.
“Marketing and trading of soyabean, wheat and barley has been liberalised following the gazetting of Statutory Instrument 129 and 130 by Government on July 21. ZMX is pleased to announce the addition of more commodities tradable on the auction with effect from August 2. These are maize, soyabean, sugar beans, sunflower, white sorghum, red sorghum and wheat,” reads the statement.
Those interested in participating in the auction, added ZMX, are required to register with them and Agricultural Marketing Authority (AMA).
“Once registered, farmers and contractors can deposit their commodity into ZMX certified warehouses and receive warehouse receipts that will be using for trading,” said ZMX.
The ZMX auction is conducted weekly online every Wednesday from 8am to 4pm.
Online Reporter