Supply Ministry to set up holding company to operate commodities exchange

The Supply Ministry is planning to set up soon a holding company to operate the country’s first exchange market for industrial and agricultural commodities, Minister Ali El Moselhy said at a presser yesterday. The ministry has completed the necessary studies and is waiting on presidential approval to set up the company. The exchange will be established this year and will initially allow five commodities — flour, iron, oil, corn, and cement — to be traded.