Cairo – Mubasher: The Egyptian Minister of Supply and Internal Trade, Ali El-Moselhy, announced the establishment of the company managing the Egyptian Commodities Exchange within the framework of the country’s internal trade development plan.

The commodities exchange will protect small farmers and producers by collecting, classifying, and pricing their production in an organised manner that boosts competitiveness among farmers, the minister said in a statement on Wednesday.

The minister affirmed that the new commodities exchange will help regulate prices in the market.

The new commodities exchange has been established with a EGP 91 million capital, distributed among the Egyptian Exchange, the Internal Trade Development Authority, the Egyptian Holding Company for Silos and Storage, the General Authority For Supply Commodities (GASC), Misr Insurance Holding Company, and Misr for Central Clearing, Depository and Registry (MCDR), in addition to several commercial and investment banks.