Pistachio Futures Market Opens in Iran

The market for futures contract for pistachio was officially launched at the Iran Mercantile Exchange on Sunday.
The initiative is said to be the first derivative market for trading pistachio in the world, according to the IME chief Hamed Soltaninejad. 
Soltaninejad expressed the hope that the market would be a reference for pricing the nuts for world markets. 
“The reason as to why there is no similar market for pistachio and saffron in the world is because these are mainly farmed in Iran,” he told attendees in the opening ceremony, the IME website reported.