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The Egyptian Commodities Exchange Will Begin Operating on the 27th of November

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03 Jan 2023

 

 

 

23/11/2022:

The Egyptian Commodities Exchange Will Begin Operating on the 27th of November

Wheat will debut on the Egyptian Commodities Exchange (EGYCOMEX) on the 27th of November due to the wheat shortage caused by the war in Ukraine. The EGYCOMEX will be the first agricultural commodities exchange in the MENA region.

Wheat is the first commodity that will be traded on the exchange. The General Authority for Subsidized Commodities (GASC) will be the among the first sellers on the exchange. (Sources: Egypt Independent (English), al-Youm al-Sabee, Amwal al-Ghad, CNN, CNBC Arabia)

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