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Agriculture

Operationalise the Agriculture Commodity Exchange.

In Progress

Commodities exchange pilot programme on cards

https://www.ebusinessweekly.co.zw/commodities-exchange-pilot-programme-on-cards/     

Dec. 11, 2020

Pilot programme and awareness campaigns for the soon coming commodities exchange are already underway with efforts intensify its operations by March 2021. Commodities exchange expected to be launched in March 2021.

Previous Updates

Launch of Zimbabwe's Commodities Exchange

https://www.herald.co.zw/zim-commodities-exchange-takes-off/ https://twitter.com/MthuliNcube/status/1428080554910621703?s=08     

Aug. 18, 2021

Finance Minister launched #Zimbabwe’s Commodities exchange,(ZMX), which allows people to trade in at least 18 commodities, including options and futures contracts. ZMX will run a Warehouse Receipt System, allowing farmers or anyone to take their commodities to the ZMX warehouses and obtaining a recipt.

Launch of Agricultural Commodities Exchange

http://www.xinhuanet.com/english/2020-12/22/c_139608258.htm https://www.zbcnews.co.zw/zimbabwe-launches-agricultural-commodities-exchange/     

Dec. 22, 2020

The Zimbabwean government launched the agricultural commodities exchange that will ensure farmers get market determined prices for their commodities. Zimbabwe previously had a commodity exchange which was closed when the government gave the monopoly to buy and sell maize and wheat to state grain procurer, the Grain Marketing Board (GMB) in 2001.

Zimbabwe plans to abandon fixing prices for commodities

https://www.bloomberg.com/news/articles/2020-11-17/zimbabwe-plans-to-abandon-fixing-prices-for-commodities     

Nov. 19, 2020

Zimbabwe plans to stop fixing the prices of commodities and will set up a commodity exchange before the end of the year where market prices will prevail

    

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