ZMX liberalises trading of three crops
Harare (New Ziana) -The Zimbabwe Mercantile Exchange (ZMX) has liberalized the trading of soyabean, wheat and barley following the gazetting last week of the legal framework.
The government last week gazetted Statutory Instruments 129 and 130 of 2023, which allow self-financed farmers and private contractors selling the commodities through ZMX.
“Marketing and trading of soyabean, wheat and barley have been liberalised following the gazetting of Statutory Instruments 129 and 130 by the Government of Zimbabwe on 21 July 2023,” the ZMX said in statement.
“Self-financed farmers and private contractors may now sell these commodities through ZMX.”
The ZMX said it had also added more commodities on its weekly auction held on Wednesdays, namely maize, soyabean, sugar beans, sunflower, white sorghum, red sorghum and wheat.
Those interested in participating on the auction are required to register with both ZMX and the Agriculture Marketing Authority (AMA).
Once registered, farmers and contractors can deposit their commodity into ZMX certified warehouses and receive warehouse receipts that will be used for trading.
The ZMX auction is conducted weekly online every Wednesday from 8:00am to 4:00pm and is in accordance with the ZMX Trading Rules gazetted in Statutory Instrument 184 of 2021.