Business And Markets

IME Logs $1.9b Monthly Trade

IME Logs $1.9b Monthly Trade
IME Logs $1.9b Monthly Trade

An estimated 11.4 million tons of goods were traded in the spot market of the Iran Mercantile Exchange (IME) in the calendar month to April 20.
Compared to the month before, trade was up 58.3% in volume reaching 1,022 trillion rials ($1.95 billion), up 82% on the previous month, IME data shows. 
IME is a multi-commodity market in Tehran founded in 2006 for farm, industrial and petrochemical products in the spot and futures markets.
As usual, industrial and mineral products led the growth accounting for 84% in volume and 63% of value, respectively, in the spot market. 


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