The Zimbabwe Mercantile Exchange (ZMX) has announced the addition of more commodities on its weekly auction held every Wednesday.
The ZMX in a press release advised of the developments in the trading of agricultural commodities.
“Marketing and trading of soyabean, wheat and barley has been liberalized following the gazzeting of Statutory Instruments 129 and 130 by the Government of Zimbabwe on 21 July 2023,”.
“Following the liberalisation of soyabean, wheat and barley trading under S1 129&130
“Self-finaced and private contractors may now sell these commodities through ZMX,” said ZMX.
The updated list of commodities tradable on the auction with effect from 2 August 2023 are maize, soyabean, sugarbeans, sunflower, white sorghum, red sorghum and wheat.
“Those interested in participating on the auction are required to register with ZMX and Agricultural Marketing Authority (AMA) as required by the law. Once registered, farmers and contractors can deposit their commodities into ZMX certified warehouses and receive warehouse receipts that will be used for trading,” added ZMX.
The ZMX auction is conducted weekly online every Wednesday from 8:00 to 4:00 pm and is in accordance with the ZMX trading rules gazzeted in Statutory Instrument 184 of 2021.
For further information on how to participate on the ZMX, one can visit their website http://www.zmx.co.zw .
News Sport Online 