Members of the business community have expressed concern over delays in the implementation of the Commodity Exchange of Zimbabwe (CEZ) almost a year after its launch.
The sentiments from the business community come at a time the agricultural sector is being poised to play a leading role in terms of contributing to the nationâ€™s gross domestic product in the next five years.
The Zimbabwe National Chamber of Commerce chief economist, Mr. Kipson Gundani said stakeholders are concerned with the failure of the commodity exchange to start trading in order to mobilise financial resources required in the funding of agricultural commodities.
â€œThe delays are a major cause for concern and we hope something urgently will be done,â€ said Mr. Gundani.
The Affirmative Action Group chief executive officer, Dr. Davison Gomo said government through the Ministry of Industry and Commerce should urgently consider the implementation of the exchange market for the benefit of farmers.
â€œFarmers are waiting and everyone awaits to assess the impact of this exchange so government should expedite the process,â€ Dr Gomo said.
The Commodity Exchange of Zimbabwe is among other factors expected to provide information and hints as to which crops have a deeper market and greatest profit margin before investment is made by the farmer or market participants and eliminate the issues of delayed payments to farmers, improve quality and grading of produce.