$102 million in agricultural products traded in Iran
Azerbaijan, Baku, Nov.16/ Trend F.Milad/
About 1.25 trillion rials ($102 million) in agricultural products have been traded in Iran Mercantile Exchange (IME) in the first seven months of current Iranian calendar year, which began March 20, head of IME's PR Department Nematollah Shahbazi said on Friday.
Over 774,000 tons of agricultural goods were traded at IME during the mentioned period, the Fars News Agency quoted Shahbazi as saying.
Iran Mercantile Exchange (IME) is a commodities exchange located in Tehran, Iran. It was founded in 2006.
IME trades in agricultural, industrial and petrochemical products in the spot and futures markets. It is mainly a domestic or regional market with the ambition to become more international in the future.
The Tehran Metal Exchange was established in September 2003 as the first mercantile exchange in the country. Later on, Iran Agricultural Exchange was established in September 2004.
Later, the Tehran Metal Exchange merged with Iran Agricultural Exchange in December 2006 and formed the Iran Mercantile Exchange Company.
Various kinds of corn, grain, wheat, rice, bran, pistachio, date, raisins, saffron, cumin, tea, sugar, soybean, colza, cotton seed, sunshade, palm, pea, lentil, and frozen chicken are the main agricultural items traded in IME.