GAPWM2   1,880  -  0 
GAPWM3   1,240  -  0 
GAPYM2   1,200  -  0 
GAPYM4   1,160  -  0 
GEJWM1   2,622  -  0 
GEJWM2   2,978  -  0 
GEJWM3   2,978  -  0 
GEJWM4   2,560  -  0 
GEJYM2   1,200  -  0 
GEJYM3   1,000  -  0 
GKIWM1   1,820  -  0 
GKIWM2   2,375  -  0 
GKIWM3   1,200  -  0 
GKIWM4   1,100  -  0 
GKIYM2   1,900  -  0 
GKIYM3   1,120  -  0 
GKUWM1   1,480  -  0 
GKUWM2   3.274  -  0 
GKUWM3   1,700  -  0 
GKUWM4   1,700  -  0 
GKUYM1   1,480  -  0 
GKUYM2   3,273  -  0 
GKUYM3   1,120  -  0 
GKUYM4   1,700  -  0 
GSAWM1   1,735  -  0 
GSAWM2   3,410.00  -  0 
GSAWM3   2,684  -  0 
GSAWSS4   3,200  -  0 
GSAYM1   2,535  -  0 
GSAYM2   3,410.00  -  0 
GSAYM3   2,516  -  0 
GTAWM2   3,115.00  -  0 
GTAWM3   1,920  -  0 
GTAWM4   1,100  -  0 
GTAWSO3   1,550  -  0 
GTAYM1   1,480  -  0 
GTAYM2   3,115.00  -  0 
GTAYM3   1,120  -  0 
GTAYSB1   2,800  -  0 
GTAYSB2   5,028.00  -  0 
GWAWM1   1,340  -  0 
GWAWM2   3,099  -  0 
GWAWM3   1,200  -  0 
GWAYM1   3,099  -  0 
GWAYM2   3,400.00  -  0 
GWAYM3   1,100  -  0 
GWAYSB1   2,000  -  0 
GWAYSB2   5,129    5,028 
GWEWM1   1,340  -  0 
GWEWM2   2,559  -  0 
GWEWM3   2,695  -  0 
GWEWM4   2,694  -  0 
GWEYM1   1,760  -  0 
GWEYM2   1,740  -  0 
GBOAMSMR2   3,757  -  0 
GJUAMSMR3   6,240  -  0 
GJUAMSMR4   5,212  -  0 
    

News | Ghana Commodity Exchange

GHANA COMMODITY EXCHANGE (GCX) SUCESSFULLY TRADES 1000MT OF RAW CASHEW NUTS WORTH GHC 7.4MILLION

Date : 4th Mar, 2022


GHANA COMMODITY EXCHANGE (GCX) SUCESSFULLY TRADES 1000MT OF RAW CASHEW NUTS WORTH GHC 7.4MILLION image


On 25th February 2022, the Ghana Commodity Exchange (GCX) undertook a reserve trading auction of raw cashew nuts which is the third reserve trading auction by the Exchange and the first in 2022. The auction saw to the successful trade of 1000MT of raw cashew nuts worth 7.4million Ghana Cedi.

A reserve trading auction which brought together actors in the Cashew Value Chain was organized as part of the Ghana commodity Exchange’s purpose to develop various agricultural value chains and provide export opportunities for Ghanaian commodities

The reserve trading auction which is a periodic event by the Exchange was first organized in April 2021, the second at the latter part of July 2021 and the third in February this year. The auction which is a means to prepare the market actors of the cashew value chain on how to trade on the exchange as an alternative and more structured market for trade.

The Exchange plays a vital role in Ghana’s industrialization process where buyers and sellers of commodities are brought together to trade within a structured environment, thus, helping farmers sell their products at fair and competitive prices by providing them with real-time price and market information while assuring buyers of high-quality commodities.

KAKSFOUR COMMODITIES LTD, a completely Ghanaian owned private company authorized to engage in cashew nut trade and general agri-business both in Ghana and worldwide, sold the 1000MT raw cashew nut valued at GHC 7.4 million. Since the beginning of 2019, the company has been a registered brokering member of the Ghana Commodity Exchange (GCX) and the African Cashew Alliance (ACA).

BANYAN TRADE AFRICA, an export trading company, an export trading company that deals with exporting cashew and soya auction was the winner of the 1000MT of raw cashew nuts at the reserve auction trading. The company became a trading member of the Ghana Commodity Exchange (GCX) this year.

The buyers present at the auction were CT Credit Link Commodities Ltd, Chary farms Ltd, OFI Ghana Ltd and Banyan Trade Africa Limited.

 

 

 

 

 

 

 

 

 

 

Some participants at the auction.