Written by Agribusiness Media Reporter Online Auction Set to Commence on June 21, 2023, with Maize and Other Commodities to Follow The Zimbabwe Mercantile Exchange (ZMX) has announced the launch of its Agricultural Commodities Auction, which is set to commence on Wednesday, June 21, 2023, from 8:00 am to 4:00 pm. The weekly auction will...
Introduction The Zimbabwe Mercantile Exchange (ZMX) is a marketplace that facilitates the buying and selling of a wide range of agricultural products, such as maize, wheat, sorghum, and soybeans. It was introduced in October 2021 and now operates an Electronic Warehouse Receipt System and a Commodities Trading Platform that ensures safe, secure, remote and convenient...
The Reserve Bank of Zimbabwe (RBZ) has conferred liquid asset status on Zimbabwe Mercantile Exchange (ZMX) warehouse receipts, which gives holders greater financial flexibility. According to the ZMX, the liquidity asset status means the warehouse receipt has become a tradable and negotiable instrument that can be easily converted into cash. A Warehouse Receipt is a...
THE Zimbabwe Mercantile Exchange (ZMX), which facilitates the buying and selling of a wide range of agricultural products, says the Warehouse Receipt Instruments issued under the ZMX Warehouse Receipt System have been conferred with Liquid Asset Status by the Reserve Bank of Zimbabwe (RBZ). A liquid asset is an asset that can be easily converted...
GOVERNMENT has adopted a structured liberalised marketing arrangement for strategic commodities and is currently reviewing all statutory instruments (SI) controlling marketing of agricultural goods, for example, SI 145 of 2019. Cabinet approved floor producer prices for maize, traditional grains, soya bean, sunflower and wheat. These are now obligatory prices only for commodities being purchased by...
THE Zimbabwe Mercantile Exchange (ZMX), an agricultural commodities trading platform, has put in place the logistical framework for trading wheat by farmers, contractors, and all stakeholders in the grain’s value chain. This follows a joint announcement between the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development and the Ministry of Finance and Economic Development...
The Zimbabwe Mercantile Exchange (ZMX) has so far issued 72 000 Metric Tonnes (MT) wheat warehouse receipts now ready for trading after getting government nod to facilitate its trading as one of the country’s strategic grains.The ZMX initiative is a partnership between the Government and the private sector led by Financial and Securities Exchange Limited...
STAKEHOLDERS attending a commodity buyers breakfast meeting in Harare yesterday urged the Zimbabwe Mercantile Exchange (ZMX) to include by-products from listed commodities in warehouse receipting and on spot trading. The call comes amid growing concerns that companies are exporting by-products in their time of glut production yet the country ends up importing them after running...
The participation by retail investors has grown globally significantly in the last few years. Compared to global standards, the participation by retail investors as a percentage of population is still low in Zimbabwe, but it has been growing. Many young investors are trading stocks, forex & other asset classes to grow & protect income from...
BY TATIRA ZWINOIRA THE Zimbabwe Mercantile Exchange Private Limited (ZMX) has listed soya bean on its trading platform with government approval as a pilot project ahead of the bigger cash crops such as maize, wheat and cotton. ZMX, launched on October 18, 2021, operates an electronic warehouse receipt system (WRS) and a commodity trading platform...
