Creating Agricultural Markets : How the Ethiopia Commodity Exchange Connects Farmers and Buyers through Partnership and Technology
Commodity exchanges can provide emerging market economies with orderly, transparent, and efficient markets by acting as mechanisms that mitigate price risk, discover equilibrium prices, and connect buyers and sellers. Exchanges can also reduce tran...
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| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/314711500630465638/Creating-agricultural-markets-how-the-Ethiopia-commodity-exchange-connects-farmers-and-buyers-through-partnership-and-technology http://hdl.handle.net/10986/30363 |
| Summary: | Commodity exchanges can provide emerging
market economies with orderly, transparent, and efficient
markets by acting as mechanisms that mitigate price risk,
discover equilibrium prices, and connect buyers and sellers.
Exchanges can also reduce transaction costs and information
asymmetries by using technology to disseminate market
information while creating better supply chains. The
Ethiopia commodity exchange is striving to transform
Ethiopia’s agriculture sector from a fragmented one marked
by high transaction costs and low quality standards to a
thriving and reliable part of the country’s economy.
Ethiopia’s exchange continues to expand its activity across
the farming regions of the country. |
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