Russia, Ukraine, Argentina, Brazil, and India preferred to offer their high-quality agricultural products to the customers of Iran Mercantile Exchange (IME) in a bid to expand their presence in the country's lucrative market.
Russian barleycorn, Brazilian and Ukrainian corn, Indian canola, and Argentinian Soya were main products traded in the agricultural products hall of the IME on Sunday.
The IME was established on September 20, 2007 in accordance with article 95 of the new law of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.
Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:
Performing as the first market providing access to the initial offering of the listed commodities in the IME,
Price discovery and price making for Iran's Over the Counter (OTC), secondary markets and the end users,
Providing venue for government sales and procurement purchases,
Providing Trading platform and user interface,
Providing Clearing & Settlement services,
Training and education of the market participants.