IME Trade on Growth Path
IME Trade on Growth Path

IME Trade on Growth Path

IME Trade on Growth Path

Iran Mercantile Exchange witnessed the trading of more than $8.5 billion worth of commodities in the first half of the current Iranian year (started March 20), IME Managing Director Hamed Soltani-Nejad said on Saturday. “This year we expect to see remarkable growth in trade value compared with last year’s $13.4 billion,” he was quoted as saying by IRNA. Founded in 2006, IME trades in agricultural, industrial and petrochemical products in spot and futures markets. Last week, the exchange featured Salaf contracts for wheat to finance the government’s wheat purchase from farmers this year. The three-day offering ended on Saturday. Salaf is an Islamic futures contract used to forward sell a commodity with a predetermined interest for the period. Government Trading Corporation of Iran offered 32 million wheat Salaf contracts to raise 26.5 trillion rials ($745.2 million at market exchange rate) from the sale. The company will use the money to buy wheat from farmers under its guaranteed purchase scheme.

Short URL : https://goo.gl/iFIfKr
  1. https://goo.gl/pbKct8
  • https://goo.gl/kMcDBq
  • https://goo.gl/dNlO28
  • https://goo.gl/bpniuG
  • https://goo.gl/XrnYlt

You can also read ...

At Tuesday's event, representatives from PwC hobnobbed with senior officials and business figures. - Photos by Saeed Ameri
PricewaterhouseCoopers, a leading multinational professional...
The busiest Iranian airport, Tehran’s International Mehrabad Airport, handles 400 daily flights on average.
An Iranian official said the country’s airport organization...
France Govt to Grant €70m for Development of Iranian Airports
The French Ministry for the Economy and Finance is planning to...
Melli Bank's Hong Kong Branch Restarts Operations
The Hong Kong branch of Melli Bank London PLC, a subsidiary of...
Production lines of Cherry ‘A5’ and ‘Qq’ along with Lifan X50 and X60 have been halted.
Production lines of four Chinese mid-range vehicles have been...
Fintechs Among Top Iranian Firms
No more than just a few years have passed since Iranian...
IKCO Says Planning  Green Cars
Iran Khodro says it will produce eco-friendly vehicles in the...
TEDPIX Hits 45-Month High
Tehran Stock Exchange’s main index jumped 497.90 points or 0....