TINTSWALO BALOYI
JOHANNESBURG – THE Johannesburg Stock Exchange will be one of the sponsors of the upcoming Agritech Expo in Zambia.
During the event set for the Zambian agriculture hub of Chisamba from April 14-16, the JSE will sponsor the Commercial Farmers Focus Day workshop.
Chris Sturgess, Director of Commodities and Key Client Management and Sturgess at JSE, will address attendees on “price risk management tools for the Zambian grain market.”
“This is a very exciting time for the Zambian agricultural community and the opportunities to market and manage price risk of grain have been expanded for all. I trust we are finally in a position to offer the Zambian community a full range of exchange products,” he said.
JSE and Zambian Commodity Exchange (ZAMACE) to cooperate on guaranteed derivatives trading and clearing.
Sturgess said through the ZAMACE, they had the ability to license warehouses according to the Zambian Agricultural Credits Act and would soon be able to provide a spot exchange for price discovery on the day and with the JSE through our clearing house.
“This will offer guaranteed derivatives trading and clearing for market participants to manage future price risk,” said Sturgess.
During the upcoming Agritech Expo, some 15 000 farming professionals, from emerging, to small holder, to commercial farmers, to agri experts, along with 130 exhibitors, are expected at the third annual Agritech Expo, which is owned by the Zambia National Farmers Union.
Agritech Expo is organised by Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the UK.
