Cote d'Ivoire: Commodity exchange to start in March

Launched on the tracks for more than two years now, the Cote d'Ivoire Agricultural Commodity Exchange (BMPA) is finally opening at the end of March 2021.

The news was revealed on February 23rd by Reuters who quoted the managing director of the regional securities exchange (BRVM) as saying: "The new Cote d'Ivoire Agricultural Commodity Exchange will begin operations at the end of next month with the listing of raw cashews, cola nuts and maize".

Although the country has a variety of agricultural products, it is only with these 3 commodities that the BMPA will actually start its activities. Products such as palm oil and natural rubber, on the other hand, are eventually announced on the stock exchange.

To facilitate the operation of the BMPA, the Ivorian government has set up a Regulatory Authority whose main mission is to build an intelligent storage system for agricultural products. In particular, it is in charge of the construction of 108 warehouses in the cashew production regions.

The interest for the Ivorian State in the institution of a commodity exchange for agricultural raw materials is to ensure a great transparency of prices thanks to "the reference price that the BMPA will provide", which will ultimately promote a fair remuneration of the planters.

It should be recalled that the BMPA will be located within the regional securities exchange.

Dr Ange Ponou

Publié le 25/02/21 15:23