Companies hire space in silos at the Mozambique Commodities Exchange

29 June 2015

Four companies in the Mozambican agro-industrial sector will now be able to store a variety of products in the silo complex of the Mozambican Commodities Exchange after signing contracts, according to Mozambican daily newspaper Notícias.

The contracts were signed by the president of the Mozambique Commodity Exchange (BMM), António Grispos and representatives of the E.I., Njangu Comercial, Smart Lines Trans & Services and Escolha do Povo companies.

A lack of proper spaces and with the required capacity to preserve agricultural production is one of the main constraints facing operators in the Mozambican agro-industrial sector, and under these contracts the companies can store grain and oilseeds at the BMM silos.

The Mozambique Commodities Exchange has silos in Cabo Delgado (Najua), Niassa (Lichinga), Sofala (Nhamatanda and Gorongosa) Tete (Ulongué), Zambezia (Mugema) and Nampula (Malema) with a storage capacity of approximately 70,000 tons. (macauhub/MZ)