The Market Capital Authority in Morocco has done a study to launch a Commodity Exchange market, looking forward to prepare the financial and the legal framework to develop this project, after assessing its success potential. A Commodity Exchange is a market in which multiple buyers and sellers trade commodity-linked contracts on the basis of rules and procedures laid down by the exchange. Such exchanges typically act as a platform for trade in futures contracts which are a legally binding agreement that gives the investor the right to buy or sell an underlying commodity at a fixed price on a future date. A handful of African Countries have set up commodity exchange markets in an effort to develop the agricultural sector and improve food security. South Africa remains the best to trade in commodities in Africa, and is ranked 14th internationally. (more…)