How to buy rice from the stock exchange?
According to Trade News, it has been a few months since the rice was harvested Commodity Exchange Has been offered and shareholders can buy at least one kilo of rice from the commodity exchange. But what are the conditions of this purchase?
Shareholders can buy rice using Commodity Certificate of Deposit transactions. Each person can buy at least one kilogram of this product. But if someone wants to receive rice from the warehouse, he must have bought at least 100 kilograms to apply for clearance and receive his rice.
How to enter the commodity exchange?
Real people (ordinary people) should Customer code request form Complete with the brokerage and submit the photo of the identity card and national card that has been equal to the original by the broker. Legal clients must, after completing the customer code request form with the broker, include the company’s identity documents, including the company’s articles of association, the official newspaper of the latest changes of the company, the latest official newspaper about board members and authorized signatories, as well as identity cards and national cards of authorized signatories. All members of the Board of Directors and CEO of the company. Next, all of these must be equal to the original by the broker.
Legal clients, Must also provide financial evidence of the company. These documents include the tax return of the last financial period, economic code, financial statements of the last financial period of the company. It is also necessary to submit the report of the official auditor and the statutory inspector and the company’s operating licenses, including the operating license.
Who can trade on the commodity exchange?
All shareholders can trade on the commodity exchange. Of course, natural persons are allowed to trade in certificates of deposit of coins or securities based on goods after obtaining the transaction code.
In fact, a real person is not allowed to trade in some goods, such as steel or petrochemical products. Because some goods need to obtain a license from the relevant authorities. For example, the products of petrochemicals and some other goods require the registration of the customer in the optimization system of the Ministry of Silence and the approval and submission of quotas to the stock exchange by this system.
Some goods also require an operating license, a mandatory standard certificate, or introduction by the Ministry of Silence or other agencies. Of course, these conditions are explained to the applicant by the broker. But in general, shareholders can buy rice easily and without special identification or difficulty.
What kind of rice is traded on the commodity exchange?
Brass that in Commodity Exchange Rice is traded after paddy, in bags of 70 to 80 kg, with 14% fracture and before sorting. The stock exchange has agreed that if the customer wants, he will sort the rice in accordance with National Standard No. 127 and deliver it to him in a 10 kg package. If the customer has such a request, 16% will be added to the price of the board. He can also deliver 86 kg of rice from the warehouse instead of 100 kg.
The important point is that paddy farmers can sell their rice at a competitive price on a commodity exchange at a competitive price, without the presence of intermediaries.
The important point is that only Iranian rice is traded on the commodity exchange. The minimum delivery is 100 kg, which is equivalent to the consumption of a family of four based on the average consumption of the country during a year. As a result, the Bursa Commodity trading platform can be a place where households and consumers buy their rice directly from the farmer directly and without intermediaries.
Who can offer rice in the commodity exchange?
According to the Commodity Exchange, all farmers can use their rice certificates to deposit their products in Commodity Exchange Offer. This means that farmers can deliver their produce to warehouses approved by the Commodity Exchange after the harvest season, and receive a warehouse receipt after a quality review and compliance with standards.
On the next working day, the warehouse receipt delivered to the farmer will be converted into a commodity deposit certificate in accordance with the trading rules of the stock exchange. The farmer can also sell his rice in the market and receive it in cash the next day.