ZMX recently signed deals with three farm product markets from nearby countries. These new partnerships connect ZMX with market systems from Malawi, Zambia, and Tanzania. All four groups belong to the African Continental Free Trade Association- Association of Commodity Exchange, known as A-ACX. The agreements were made last week during a special meeting.
Mr. Collen Tapfumaneyi, the chief executive officer of ZMX, explained how these partnerships create fresh sales opportunities for local farmers. He mentioned that people currently trade between countries without good systems. Farmers must travel long distances just to sell their crops, which wastes time and money. These new connections solve that problem.
The four market systems act like windows where buyers can see available products. When these windows link together, everyone benefits. For example, extra wheat from Zimbabwe can appear on screens across three countries at once. Surplus soybeans from Malawi become visible to traders everywhere. This helps farmers plan better by showing what people want across the entire region.
Farm product markets bring together buyers and sellers of agricultural goods. They trade many items, including wheat, corn, soybeans, livestock, sugar, coffee, and cotton. The partnership between these four markets covers several areas. They agreed to connect their trading systems, warehouse receipts, risk management plans, and business frameworks to make everything work smoothly.
Mr. Collen Tapfumaneyi, the chief executive officer of ZMX, explained how these partnerships create fresh sales opportunities for local farmers. He mentioned that people currently trade between countries without good systems. Farmers must travel long distances just to sell their crops, which wastes time and money. These new connections solve that problem.
The four market systems act like windows where buyers can see available products. When these windows link together, everyone benefits. For example, extra wheat from Zimbabwe can appear on screens across three countries at once. Surplus soybeans from Malawi become visible to traders everywhere. This helps farmers plan better by showing what people want across the entire region.
Farm product markets bring together buyers and sellers of agricultural goods. They trade many items, including wheat, corn, soybeans, livestock, sugar, coffee, and cotton. The partnership between these four markets covers several areas. They agreed to connect their trading systems, warehouse receipts, risk management plans, and business frameworks to make everything work smoothly.
