Ban brings total prohibited from trading in coffee to 57 in the last month By Elleni Araya Addis Fortune November 20, 2011 The Ministry of Trade has banned 16 coffee exporters from trading on the trading floor of the Ethiopian Commodity Exchange (ECX) on Wednesday, November 8, 2011, for failure to have their stocks audited by it. The banned individuals and companies include Terefe Hailu (PhD), Kaf International, AbdulKedir Mohammad Ali, and Abdu Ali. Most of the banned traders are known for registering a high volume of trade in the exchange, according to officials from MOT. A letter was sent to the Ethiopian Commodity Exchange Authority (ECEA), with the list of the banned traders, not to allow them from buying or selling on the trading floor for unspecified time. The ban only prevents the traders from buying coffee on the trading floor. It does not stop them from either buying or selling other commodities. This ban brings the total of banned exporters i...