According to a statement from the Ministry of Agriculture, the three-year project will be implemented in the Peanut Basin, which occupies 57% of Senegal’s arable land.
By implementing futures trading, ZMX seeks to offer both farmers and off-takers, such as millers, a tool for better financial planning and risk management.
FSSC 22000 is recognized by the Global Food Safety Initiative (GFSI) and attests to the application of best risk management practices throughout the production chain.
The maize shortage is driving up costs, affecting both consumers and the livestock sector.
The price drop has been fueled by the influx of freshly harvested maize, with new stock entering the market at US$ 28.82 to US$ 34.58 per 50kg bag.