Fewer Days for Traders to Move Coffee at ECX Twenty day expiration due to storage issues; weight, moisture rules adjusted as well By Elleni Araya Addis Fortune May 5, 2013 The warehouse at Saris, with a capacity of carrying 300,000 quintals, is the largest coffee storing warehouse ECX has, it is also the nearest to the ECX trading floor. The Ethiopia Commodities Exchange (ECX) is reducing the expiration date of warehouse receipts issued for coffee which will go down to 20 days from the previous 30 as of May 9, 2013. This is one of four changes introduced by ECX and approved by its supervising body, the Ethiopian Commodity Exchange Authority (ECEA). Changes introduced include moisture adjustment, the amount that should be contained in a bag, and the cost of handling goods. The receipts, which serve as legal titles and financial instruments, are issued by the ECX to traders once they put their commodities in an ECX warehouse. The ECX introduced these...