THE newly launched Zimbabwe Mercantile Exchange (ZMX) says it will introduce derivatives gradually to improve its system, which is meant to revamp agro-produce marketing in the country.
In other jurisdictions, derivatives such as futures contracts have been in use for decades, facilitating standardised legal agreements to buy or sell something at predetermined prices at a specified time in the future, between parties not known to each other.
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The commodities exchange will offer an automated electronic warehouse receipt system and commodities trading platform and improve farmers’ access to credit through collateralisation of p
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