Option, The Basis of Saffron Price Insurance in the Future
Hassan Amiri, Deputy Head of Stock Exchanges and Publishers of the Securities and Exchange Organization said: Unfortunately, in the past years, despite the profitability of saffron and its material value, farmers have had the least benefit from planting this product. However, with the arrival of saffron on the stock exchange and the formation of saffron deals in the capital market, the sparkles of hope have appeared.
He said that this product was successful both in the physical market and in the commodity deposit, saying that since the beginning of this year, 66 people have been traded in the physical market and 27 tons of saffron have been traded, which is remarkable.
Amiri added, “This trading process has been part of the concern of farmers in selling the product at cheap prices to intermediaries.”
Assistant Supervisor for Stock Exchanges and Publishers of the Stock Exchange, saying that the success of the tools is dependent on education and culture and part of the process is on the media, said the media can help refine the structures by reflecting bugs as well as introducing tools. They do.
He pointed to two features of the deal deal option and said that the option would be less risky than future contracts, and, on the other hand, it would require lower operating capital. The contract will also be the basis for saffron price insurance in the future, which will be of great benefit to farmers.
Amiri stated that the stock exchange has had a very good performance in the field of agricultural sector tooling, and the stock exchange has provided new financial instruments, including commodity commodity funds on commodity exchanges.
Referring to the fact that the development of markets is always on the agenda of the stock exchange, he said: “The existence of tools contributes to the liquidity of the capital market. We hope that the stock exchange will continue to move on to the toolkit, and one of the areas that is currently being pursued is the issue of agricultural commodity funds and can be effective in developing the market.
Deputy Head of Stock Exchanges Supervision and Securities and Exchange Organization publishers concluded: “With the advent of agricultural commodities such as saffron on the Iranian stock exchange, cooperatives and institutions related to the agricultural sector are entering the goods exchange from traditional financing And inefficient exchanges
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