Ivory Coast to launch agricultural commodities exchange in March

Maize (Corn)

Published Feb 24, 2021

Tridge summary

Ivory Coast’s new agricultural commodities exchange will begin operations late next month by listing raw cashew nuts, kola nuts, and corn, its chief executive said on Tuesday.

Original content

Housed in the regional securities exchange, the commodities exchange was created to provide a reliable market for products whose sales are now negotiated directly between buyers and sellers. “The agricultural commodities exchange will provide a price benchmark that serves as a basis for negotiating national and international commercial contracts,” Edoh Kossi Amenounve, head of West Africa’s BRVM bourse, told Reuters. The exchange also expects to eventually list natural rubber and palm oil, but has not indicated any plans for Ivory Coast’s top export, cocoa, which is traded on ...

Source: Reuters

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