The committee tasked with preparing for the establishment of the Sudan Stock Exchange for Agricultural Commodities affirmed the development of a professional plan for establishing it in all states.
Khartoum: AlTaghyeer
On Sunday, the Undersecretary for Planning at the Sudanese Ministry of Finance, Amin Saleh Yassin, met with the steering committee to prepare for the establishment of the Sudan Stock Exchange for Agricultural Commodities.
Yassin stressed the importance of the agricultural commodity exchange in supporting sustainable economic growth in the country.
He pointed out the importance of benefiting from regional experiences while working with the regulations governing the work of the stock exchange, in accordance with the latest international practices.
In turn, the director of the Capital Markets Regulatory Authority, Shawki Azmy, stressed the need to improve markets, especially agricultural markets, to achieve fair dealing.
This helps to increase production and preserve the rights of all participants, especially small producers.
Azmy stressed the need to develop a plan for the agricultural commodity exchange in a professional manner in all states.
Last August, the Sudanese Council of Ministers authorized the establishment of the Sudan Agricultural Commodities Market, according to which the Sudan Agricultural Commodities Exchange would be established.
The agricultural stock exchange is concerned with buying and selling commodities and crops according to international prices in an orderly and fair manner that guarantees farmers of all categories the best price for their crops.
According to the Director General of the Capital Markets Regulatory Authority, the stock market is counting on it to help the economic growth that Sudan is expected to witness.
He stressed that it will provide a great deal of protection and justice to small farmers and producers by collecting their production of crops.
In addition to classifying, storing and displaying crops on the stock exchange trading platform.
The Board of Directors of the Capital Markets Regulatory Authority had approved the Financial Markets Licensing and Supervision Regulations, and in early May, the Council of Ministers approved decrees to establish stock exchanges for gold and crops in Sudan.
