Commodity exchanges and warehouse receipts in Malawi: Current status and their implications for the development of structured markets: Synopsis
Malawi is unusual in having not one, but two commodity exchanges (Comex): The Agricultural Commodity Exchange (ACE), established in 2006, and Auction Holdings Commodity Exchange (AHCX) Ltd, established in 2013. In addition, Malawi has several parallel ‘systems’ that advance collateral financing usin...
| Autores principales: | , , , |
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| Formato: | Brief |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2019
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/146607 |
| Sumario: | Malawi is unusual in having not one, but two commodity exchanges (Comex): The Agricultural Commodity Exchange (ACE), established in 2006, and Auction Holdings Commodity Exchange (AHCX) Ltd, established in 2013. In addition, Malawi has several parallel ‘systems’ that advance collateral financing using warehouse receipts (WR). After providing an overview of the international commodity exchange experience, this policy note describes the landscape in which Malawi’s two agricultural Comex and warehouse receipts ‘systems’ (WRS) operate. The policy note concludes with recommendations on how best to maximize the performance and benefits of the commodity exchanges and warehouse receipts. |
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