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- Commodity exchanges are organized marketplaces that facilitate the trading of agricultural commodities such as grains, livestock, and even precious metals.
- These exchanges provide a structured environment for buyers and sellers to come together and exchange commodities based on standardized contracts.
- In Southern Africa, these exchanges have taken on a transformative role in empowering farmers and bolstering the agricultural sector.
Southern Africa’s agriculture is marked by its rich diversity of crops and products. According to International Fund for Agriculture (IFAD), agriculture is the largest sector in the East and Southern Africa region, employing 65 per cent of Africa’s labour force and accounting for over 30 per cent of the region’s GDP.
But it’s not without its hurdles. Smallholder farmers, who constitute a substantial portion of the agricultural workforce, often grapple with unpredictable market prices. They also suffer from limited access to credit, and inadequate information on market trends.
Additionally, the …