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The total value of warehouse receipts represents 435 203,34 metric tonnes (MT) of commodities having been traded on the exchange for a value of US$5 410 278.
The ZMX was created to lessen the difficulties local farmers face in their operations with regard to warehousing and price discovery for agricultural commodities.
ZMX said each farmer or contractor will be required to open a commodities trading account with ZMX using the *727# USSD short code across all mobile networks.