Minister of Agriculture and Land Reclamation, Al Qusayer, met with Dr. Mohamed Farid, Chairman of the EGX & Vice Chairman of the Board of Directors of the Mercantile Exchange (EMX), to discuss cooperation plans for the EMX.
More details🧐: The meeting discussed means of developing the trading mechanisms of strategic commodities in an orderly manner. It is expected that poultry & eggs will be among the first commodities to start trading on the EMX during Q1-2022.
Why is this important🤔: Listing of poultry & eggs on the EMX is expected to achieve transparency in the pricing process through trading & price discovery. Government initiatives aim to provide healthy, safe, sustainable & affordable food, & the launch of the EMX is a step in that direction.