HEMP BUYING & SELLING
Copperbelt Commodity Exchange (COMEX) will be the premium commodity-trading platform for buying and selling hemp in Zambia. COMEX will work to secure supply of raw hemp material for hemp industries. Through commodity trading, COMEX will help to create liquidity in the national hemp business to ensure that farmers are paid for their produce timely. COMEX will also trade on the international market, and through it, investors, small and big, could invest in a speculative capacity in the global hemp business.
This means that several different types of traders will be active in the hemp commodity market in Zambia. This includes traders who will be dealing in raw materials used at the beginning of the production chain. For example, some traders will specialize in hemp trading for extraction of hemp oil. Other will solely deal in hemp trading for processing in hemp construction blocks; others will specialize in hemp trading for oil used for medicinal and other pharmaceutical applications; others will specialize in hemp trading for cosmetics production, etc.
COMEX will on one hand operate independently, trading on major exchanges such as the New York Mercantile Exchange, and on the other hand others work for other international large hemp commodity producers.
As a commodity trader working for local and international manufacturers or producers, COMEX will strive to secure the best prices on purchases while simultaneously supplying competitive bids to customers. In addition, COMEX will work as a broker working for brokerage firms helping in creating a deep and liquid international commodities market.
Furthermore, COMEX will in some instances act as speculators and attempt to make profits on small movements in commodity prices through forward and futures contracts
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