Booming rice transactions in commodity exchange – Tejaratnews
According to Kala Khabar, the latest announcement of the management of the financial markets of the Iran Commodity Exchange states: The warehouse of the Mazandaran Rice Trade Development Company has been activated and is ready to accept uncooked Fajr white rice from customers with the symbol “Branj 0203P02” and “Name: Fajr Rice 0203 Mazandaran Trade” Is.
The opening time of the trading symbol of the goods deposit certificate related to this warehouse will be on Saturday, November 7.
The product delivered to the warehouse must be the product of the current crop year (1401) and in plastic bags, and the storekeeper will not accept the product of the previous crop years.
According to the aforementioned notification, the maximum time for keeping the goods is until June 31, 1402, and the expiration date of the goods deposit certificate and the last trading day of the created symbol is June 24 of the next year, and after that, the symbol transactions will be stopped for the delivery and settlement process with the warehouse.
Each rice deposit certificate is equivalent to one kilogram of this product, and in order to deliver the goods from the Mazandaran warehouse (Amol city, Eastern Beltway, International Trade Center and Iran Rice Export Terminal), it is necessary to have at least 100 goods deposit certificates equivalent to 100 kilograms of Fajr rice. to be provided by the owner.
Information about orders and trading prices can be viewed by the public in the “Commodity Exchange” section of the “Certificate of Deposit” section on the website www.tsetmc.com.
Previous transactions of rice in the commodity exchange
Esmail Yazdan Panah, CEO of the International Rice Trade Center, pointed out that Fajr rice will soon enter the commodity exchange and said: We are planning to enter Fajr rice into the commodity exchange to support high-yielding rice.
The commodity exchange had previously announced the opening of the warehouse and the trading symbol of the Mazandaran Rice Trade Development Company for the transaction of the certificate of deposit of Tarem local white rice. The symbol “Branj0204P01” was opened on 24 Mehr and trading started in the said symbol.
It was the middle of March 2019 when the trading symbol of Tarem Mazandaran rice was listed in the certificate of deposit market of the Iran Commodity Exchange and its trading started on 14 Farvardin 1400.
From the beginning of rice deposit certificate transactions in the Commodity Exchange until the last maturity of the relevant trading symbol, 586,898 certificates with a value of 34 billion Tomans were traded in the financial market of the Commodity Exchange. This amount of deposit certificate is equivalent to 586 tons of rice.