Saffron Options Contracts Launched on Iran Mercantile Exchange

As part of plans to diversify and expand financing methods for agricultural products on the  Iran Mercantile Exchange, the bourse on Sunday launched the options contracts for saffron. 
Options trading will only be for 'Negin Saffron' which is considered the highest-quality of Iranian saffron and comes after IME launched saffron futures contracts and certificates of deposits for saffron earlier during the calendar year (ends March 20). 
At a press conference on the occasion of launching the contracts for the first time, Hamed Soltaninejad, IME's managing director said since the launch of the mercantile exchange in 2007, efforts have been made to enhance trade in agricultural products.