Category: News

Zimbabwe Mercantile Exchange Launches Weekly Agricultural Commodities Auction
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Zimbabwe Mercantile Exchange Launches Weekly Agricultural Commodities Auction

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...

The Implications of ZMX Warehouse Receipt System’s Liquid Asset Status
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The Implications of ZMX Warehouse Receipt System’s Liquid Asset Status

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...

ZMX receipts get liquid asset status
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ZMX receipts get liquid asset status

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...

ZMX Warehouse Receipt System gets RBZ liquid asset status
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ZMX Warehouse Receipt System gets RBZ liquid asset status

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...

Govt policy on marketing strategic commodities
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Govt policy on marketing strategic commodities

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...

ZMX lays out wheat trading framework
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ZMX lays out wheat trading framework

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...

ZMX Issues 72k MT Of Wheat Warehouse Receipts
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ZMX Issues 72k MT Of Wheat Warehouse Receipts

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...