Commodity exchange project launched

By Staff Reporter

Centre for Trade Policy and Development Executive Director Isaac Mwaipopo says agriculture remains one of the drivers of Zambia’s economic growth.

Mwaipopo has since challenged small scale farmers to take charge of the market using the recently launched project by Zambia Commodity Exchange (ZAMACE) to influence commodity prices.

“The initiative has been introduced to increase market choices in order to eliminate exploitation of smallscale farmers by crooked business entities. A farmer or agro dealer will receive a warehouse receipt after depositing their maize, giving them incentives such as access to inputs on credit among other benefits,” said Mwaipopo.

He has further encouraged farmers to form cooperatives in order to increase the volumes that they would be depositing in storage facilities as they awaited better market prices.

And ZAMACE compliance officer, Precious Mwang’u said the initiative provided comfort to small scale farmers.