Baku, Azerbaijan, July 17
Trend:
Iran’s Mercantile Exchange (IME) will trade frozen beef supplied by Marfrig Global Foods, São Paulo based Brazilian company.
Marfrig is the second largest Brazilian food processing company and has an operational base in 22 countries, exporting to over 100, and is the second-largest beef producer in the world.
The IME said in a statement that it has agreed to host offering of over 1,000 tons of frozen beef in its side market.
The frozen beef produced in Brazil will be offered by Iran’s Tejarat Aftab Mehr Alborz 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.