Tanzania Launches First Sesame Auction Through TMX Platform, Promising Greater Transparency and Market Reforms
Date: May 9, 2024 In a groundbreaking move aimed at transforming agricultural trade in Tanzania, the first-ever sesame seed auction was conducted using the Tanzania Mercantile Exchange (TMX), a transparent trading platform that allows farmers to witness real-time bidding by buyers. The event, held in the Songwe region, saw sesame prices reach a high of TZS 4,850 and a…