Côte d’Ivoire debuts West African commodities exchange

Côte d’Ivoire debuts West African commodities exchange

The NewsCôte d’Ivoire opened West Africa’s first agricultural commodities exchange last week. Around $54,000 of raw cashews, kola nuts, and maize were traded in the first 10 minutes of launch, RFI reported. Seven years in the making, the exchange seeks to replace informal trading practices in eight countries in the region with a regulated platform that adjusts to supply-and-demand changes.“Such markets allow buyers and sellers to hedge against t…