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In Tanzania, smallholder farmers reaping big from Mercantile Exchange

In Tanzania, smallholder farmers reaping big from Mercantile Exchange

  • In its simplest form, the trade in commodities is the modern adaptation of the barter trade system.
  • Farmers in Tanzania can choose their cropping pattern based on the spot and futures prices set by the exchange.
  • A total of 56,367.5MT of commodities worth $45.6 million were traded through the Tanzania Mercantile Exchange between 2019 and 2021.

We are all familiar with the Dar es Salaam Stock Exchange market, but only a few are aware of the not-so-famous Tanzania Mercantile Exchange(TMX). As the names suggest, the stock exchange involves the trading of stocks while the latter entails the trading of commodities.

In the simplest form, the trade of commodities can be described as the modern adaptation of the barter trade system. It allows for example, farmers and/or middlemen to trade their produce with other producers across the world. By so doing, farmers can exchange (sell) their produce at the highest …

The post In Tanzania, smallholder farmers reaping big from Mercantile Exchange appeared first on The Exchange.

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