Egypt: The Egyptian Commodity Exchange to Be Operational by January 2021

  |   Attaché Report (GAIN)

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Egypt: The Egyptian Commodity Exchange to Be Operational by January 2021

By January 2021, Egypt will operate its first commodity exchange which can provide commodity markets with greater price stability by reducing risk and increasing the number of traders as well as trade volume, value, and efficiencies. On October 20, 2019 The Egyptian Exchange (EGX) celebrated the completion of new commodity exchange feasibility study that was developed in collaboration with the Ministry of Supply and Internal Trade (MOSIT) and the Federation of Egyptian Chambers of Commerce (FEDCOC). The new exchange will initially offer trading of four agricultural commodities which are wheat, corn, rice and sugar. The Exchange would be for spot commodities that have large market volumes and could be stored for long periods. 

Egypt: The Egyptian Commodity Exchange to Be Operational by January 2021

 

Egypt, Near East
Grains, Feeds and Fodders, Corn, Rice, Wheat, Sugar

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