Knowledge is power - driving a hard bargain

Coffee farmer Feleke Dukamo checks the latest coffee prices. The Ethiopia Commodity Exchange's new price information line already gets 40,000 calls a day from farmers like Feleke. Because he knows the price coffee is trading for in Addis Ababa, Ethiopia's capital, Feleke can drive a hard bargain with his buyers. The result? As Feleke says: "In the three years since the ECX was set up, the price I get for my coffee has increased nine-fold."

DFID supported two leading research institutes who were tasked with finding a solution to Ethiopia's inefficient food and commodity markets.

The UK aid funded research recommended setting up a commodity exchange and helped to design the warehousing, logistics and payment systems that the exchange uses today. The exchange helps to boost exports and secure a better deal for farmers and consumers.

More information: www.dfid.gov.uk/ecx

Photo: Pete Lewis/Department for International Development

Some rights reserved

Taken on: June 14, 2011

Tags:

Ethiopia Commodity Exchange

Ethiopia

coffee

trade

Africa « less

Sets appears in: • The right price for coffee

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