Grain from Kazakhstan to be offered at Iran’s Mercantile Exchange
Baku, Azerbaijan, April 29
Iran’s Mercantile Exchange (IME) will trade feed barley from Kazakhistan, supplied by Fergus Commodities DMCC, a trading company, active in purchase and export of agricultural production.
The IME said in a statement it has agreed to host offering of over 14,552 tons of feed barley supplied by the company from Kazakhstan.
The product will be offered by Iran’s Petrotaban Novinfaraz company, the statement reads.
The IME was founded in 2007. It trades in agricultural, industrial and petrochemical products in spot and futures markets. There are 70 listed brokerage companies in IME who are members of the exchange licensed by the market regulator, the Securities and Exchange Organization.