Ethiopia to launch commodities exchange

April 14, 2008

The exchange will combine a physical trading floor with an electronic trading platform based in the capital Addis Ababa.

It has set up warehouse facilities in the city and in several
smaller towns where produce will be weighed, sampled and issued with
certificates, the statement said.

Ethiopia expects to export 220,000 tonnes of coffee worth $500
million in the current 2007/08 season. It expects overall production to
rise to 370,000 tonnes in 2007/08 from 330,000 tonnes in the previous
season, according to the agriculture ministry.