The plan for removing saffron intermediates
Managing director of Iran Stock Exchange announced the launch of the Saffron derivative market in the near future and said: “The brokers of Kiev will buy Iranian saffron for a small price from the farmer and send it to other countries.
According to the correspondent of Mehr, Hamed Soltani Nezhad, in a press conference today with journalists, said the value of the total capital market was 1959 trillion rials, saying that the value of industrial and mineral products accounted for 42% of the stock of commodities in 1995, Agricultural products account for 8% of the total Iranian stock market.
Managing director of Iran Stock Exchange, referring to futures trading and its role in short-term financing, added: “We witnessed the financing of 15,700 billion toomans for various industries, as well as 58% of the cash market and 42% of commodity exchange trades.” Give
He argued that the major part of the financing of industrial and mineral products was 74%, and petrochemical and agricultural products were next funded through self-imposed bonds. At the same time, in the field of parallel inductance, in 1995, we witnessed financing of 3180 billion toomans with the use of a self-sustaining instrument in the Iranian stock market, which experienced 457% growth from 1994.
Soltani Nezhad said that certificates of deposit as a new instrument in the market would create the possibility of continuous transactions, in which corn and overseas transactions have left a steady decline in deposit certificates transactions last year, which we hope will increase this figure. Find out
“To be able to become a price leadership in the commodity market, he said,” we need a strong derivative market, which requires a continuous cash market; in this case, a deposit certificate should be used to make continuous transactions in commodity-based securities And manage the discovery process on the cash market using a deposit certificate.
Soltani Nezhad stated that only when the value of derivative transactions was higher than cash transactions was 91 years, he noted: in 91, a part of the growth can be interpreted as inflation, but in 1995, despite the fact that we did not see inflation, but The financial market of the country has grown significantly.
Analyzing the value of future contracts, he said: “The downturn in the value of transactions in this area has broken down to 39 trillion toomans in the derivative trades of Iranian stock exchanges. Meanwhile, Iran’s stock exchange gained 42 percent of the total value of capital market transactions in the year 95.
Managing director of the stock exchange said: In the field of corn and barley, we have a list of 85 thousand people in the wheat and barley sector that participated in the guaranteed price process and sold their product in the commodity exchange mechanism, and differentiated the competitive price and the supportive price According to the mechanism defined by the stock exchange. Accordingly, 85 warehouses are accepted in the field of agriculture, which is one of the strategies for the development of commodity exchanges.
Soltani Nezhad announced the launch of a saffron derivative market in the near future and said: “Intermediaries in Kiev will buy Iranian saffron at a low price from the farmers and send it to other neighboring countries.
He said that in the physical market more than 422 tons of wheat have been traded, and also a one-day-old chicken who has an effective role in chicken prices in the country, is also to be traded on the stock exchange.
source: mehrnews /com
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