Agric commodities exchange subdued

ZMX held its inaugural auction last week, with opening reserve prices set at US$360 per tonne for white and yellow maize.

TRADING activity on the local agricultural commodities market, the Zimbabwe Mercantile Exchange (ZMX), has largely remained subdued due to structural inefficiencies, mainly inconsistent product supply. Analysts say the supply gaps reflect the country’s reliance on rain-fed agricultural production, which tends to be seasonal as well as prone to climatic vagaries such as droughts. The electronic…

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