DescriptionKnowledge is power - driving a hard bargain (5984450612).jpg
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.
Attribution: Pete Lewis/Department for International Development
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