Why Did the Egyptian Mercantile Exchange Halt Trading? ...Egypt

Egyptian Streets - News
Why Did the Egyptian Mercantile Exchange Halt Trading?
source : Egyptian Streets ( Egypt ) () 17
Wheat, corn, and sugar, three of the most essential ingredients for nutrition, are no longer traded in Egypt. The Egyptian Mercantile Exchange (EMX), an institution for regulating trading operations and transactions in commodity markets, was established in January 2020 through a collaboration between the Egyptian Exchange, the Internal Trade Development Authority, and the General Authority for Supply Commodities. Trade of sugar, wheat, and corn, three key commodities, has been stopped for approximately two months, amidst market volatility and volatile pricing practices. Over the past two months, Egyptian markets have witnessed erratic pricing, due to the shortage of hard currency for importe

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