The government is about to approve a new regulation establishing intermediation fees for the commercialisation of agricultural products through the Mozambique Commodities Exchange (BMM).
According to information released by the newspaper Noticias, this regulation is only awaiting final approval by the Council of Ministers and aims to ensure greater predictability and transparency in commercial transactions, promoting a more balanced market for all players.
Vitória Daniel Paulo, chairman of BMM’s board of directors, said that the proposed regulation should be approved by the end of June. “All the necessary conditions have already been created for the approval of this regulation, which will be essential to guarantee that both producers and buyers can operate with fixed and previously established rates,” he explained.
Currently, intermediation fees in the primary market vary between 3 and 8 per cent of the value of transactions, which has led to uncertainty and difficulties for economic agents. “With the implementation of the new regulations, it is hoped that all market participants – from small farmers to large companies – can benefit from a more transparent and efficient system,” emphasised Vitória Daniel Paulo.
She also explained that setting regulated rates will help make the market more accessible and competitive. “This is a step towards improving the efficiency of the Mozambican agricultural market and ensuring that our products are competitive at international level,” she emphasised.
The regulation for setting brokerage fees is part of a broader set of measures aimed at strengthening the BMM as a platform for the country’s economic development. “The Mozambique Commodities Exchange was created with the aim of promoting the commercialisation of agricultural products and other goods in a transparent and fair manner. With this measure, we are ensuring that all market players operate on equal terms,” concluded Vitória Paulo.
