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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...

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Main Authors: Baulch, Bob, Gross, Adam, Nkhoma, Justice Chimgonda, Mtemwa, Chikumbutso
Format: Brief
Language:Inglés
Published: International Food Policy Research Institute 2019
Subjects:
agricultural policies
markets
commodity markets
Online Access:https://hdl.handle.net/10568/146607
Summary: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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