Warehouses Projected to Preserve Quality of Products to be Completed Soon: ECX

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Addis Ababa August 29/2019 Three warehouses which targeted to preserve the quality of products are set to be operational soon as the construction of other four expected to be underway in the new fiscal year, according to Ethiopian Commodity Exchange (ECX).

The construction of warehouse, sample shed, office laboratory and weighbridge at Metu, Bule Hora and Tepi with an outlay of 127 million birr.

ECX Corporate Communications Manager, Netsanet Tesfaye, told ENA that the new warehouses under construction in various parts of the country will help ECX to scale up its stockpile services through preserving the quality of products.

He pointed out that Metu and Bulle Hora warehouses, which are now under construction in Oromia Regional State, with a capacity to stock up 152,000 quintal each, will have enormous contribution to protect the agricultural products from any post harvest damages.

Likewise, the branch warehouse of Tepi with 50,000 quintals storage capacity will be instrumental in maintaining quality of products after its completion.

The construction of additional warehouses in Hummera, Shiraro, Kombolcha and Gondar is expected to underway soon, Netsanet stated and adding that “this will support the ECX to scale up its duties in more enhanced manner”.

According to regulations of the Ministry of Trade, before delivering any goods to the ECX, it has to be checked by the Woreda agricultural experts to weigh up the quality of the products.

 He insisted on all concerned agricultural experts in any respective areas to take the responsibilities in adhering to the regulations.

“Over 20 percent of Ethiopia’s total agricultural products are wasted during the post harvesting season, so we have to reduce this in the years to come,” he pointed

 The ECX has 23 warehouses in various parts of the country.

The Ethiopian Commodity Exchange (ECX) traded 33.8 billion birr worth of commodities in the concluded budget year, exceeding the planned target of 30.3 billion birr.