Iran’s Mercantile Exchange to host Foodexcore product
Baku, Azerbaijan, June 3
Iran’s Mercantile Exchange (IME) will trade frozen Brazilian beef supplied by Foodexcore Limited, Dubai-based trading company.
The IME said in a statement that it has agreed to host offering of over 2,000 tons of frozen beef in its side market.
The frozen beef produced in Brazil will be offered by JaameJam Bazargan Pishro Co., 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.