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ZAMBIAN AGRICULTURAL COMMODITYEXCHANGE: INSTITUTIONAL CHANGESAND PERSISTENT CHALLENGES
Nicholas Sitko and T.S. JayneIndaba Agricultural Policy Research Institute (IAPRI)Presented at the Agricultural Cooperating Partners MeetingLusaka, December 13
th
, 2011
 
Objectives of Presentation
1)
Why commodity exchanges would be beneficial toAfrican food markets
2)
Institutional challenges impeding ZAMACE’s
development
3)
Recent restructuring at the exchange
4)
Persistent policy challenges
5)
Conclusion
 
Institutional solutions to Africa’s food
market challenges?
•
In developed agricultural markets, commodity exchangesserve to:
•
Manage risk
•
Reduce costs
•
Provide transparent price discovery
•
Increase market activity and decrease price volatility
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