Young people welcome the saffron futures contract
Hamid Reza Brothers shoraka on the extent to which Saffron market participants welcomed Futures Trading Exchanges, said: “In the upcoming market, saffron is accepted as the second commodity and traded, with good visibility on this market from visible traders and investors So many young people, especially in Mashhad, have shown their interest in entering this market. According to the economist, futures contracts for saffron provide the conditions to prevent price fluctuations and to be effective in marketing and marketing the product in the future.
The professor of economics, saying that many farmers still do not have enough information on the benefits of launching futures for saffron, said: As far as I know, farmers, despite perhaps not yet aware of the benefits of this market, are pursuing price transparency The Saffron market is happy with the stock exchange, and during the last year we have been able to close the price of the product to its real price through the stock exchange.
“Although we have a long way to go in this regard, we hope that with the cooperation of all saffron market players, including manufacturers, distributors and exporters, we can achieve the full and real role of stock exchanges internationally,” he said.
shoraka, it is natural that having a share of about 90% of the total volume of saffron production in the world, we must have the price reference of this product as well. Because the whole world agrees that Iran is the major producer and first of all saffron in the world, and based on logic, it is our right to be able to use the stock of commodity-price reference in the world.
According to shoraka, if officials support the domestic sales and export of saffron in Iran’s stock exchange, along with the various benefits of saffron to world markets, the major share of world trade currently available to countries such as Spain could take.
He said: “Unless we have achieved this, so far, we have been sorry for ourselves,” he said. “Why, so far, Iran has not been able to take control of global prices,” he said. In this regard, along with conducting market studies, market research, market research, R & D and advertising, attending international exhibitions and exhibitions, stock exchanges can also take on price leadership through pricing. In this way, high added value will be created for the country and the saffron sector and will create new business opportunities and bring Iran to its true position in the market for this product.
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