The Agricultural Commodity Exchange for Africa, which is located in Malawi, is an agricultural commodity exchange facilitating trade in the physical spot and forward markets. ACE has designed an online trading platform in which market participants (from smallholder farmer to institutional buyers) can post “offers to sell” and “bids to buy” commodities; a price information system in which market participants can receive market information on the Internet and mobile phone; and a warehouse receipt system that allows market participants to access finance and end markets. ACE can show prices for maize, soybeans, cowpeas, pigeon peas, groundnuts, and sunflowers.
Agricultural Commodity Exchange for Africa
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