Stock pistachio outperformed cumin and saffron
A capital market expert said: the entry of pistachios in futures trading of the commodity exchange has doubled the attractiveness of this market, so that this product has not come and has snatched the lead in the value of trades from saffron and cumin.
Mohammad Reza Eslami about the supply of agricultural products in the commodity exchange, said: Trading in agricultural products in commodity exchanges has a very long history in the world’s reputable exchanges. In Iran, since the establishment of the Commodity Exchange, there has been a special approach to its functions in the field of agricultural products trading, and the exchange platform, given its high capabilities in a variety of transactions and new financial instruments, can pave the way for the traditional structure of the agricultural market. As a powerful tool to stand by farmers and other activists in the agricultural economic field.
He added: In previous years, although we faced fluctuations in agricultural products trading on the stock exchange, but we can never see the significant success of the guaranteed price plan in the commodity exchange, bargain certificates, corn, saffron and saffron futures. Ignored.
Referring to the high value of agricultural exports, the capital market expert said: For example, the value of Iranian saffron exports in 1997 is about $ 350 million and the value of pistachio exports is about $ 1 billion, which requires an official pricing reference. Further reveals that the Iranian Commodity Exchange as one of the important economic pillars of the country can play an important role in this regard.
Referring to the launch of pistachio futures trading in the stock exchange, he said: Trading in pistachio futures contracts has started after the commodity deposit certificate of this product has been traded in the stock exchange. The mentioned transactions are considered by activists in this field due to high production of this product in the country. Is located.
According to Islami, the important point about trading pistachio products on the stock exchange is that due to the high amount of its exports, the impact of the exchange rate on its exchange rate is more than saffron.
Pointing out that the highest percentage of pistachios produced in the country belongs to Kerman province, he said: conducting pistachio transactions in the commodity exchange in the form of futures transactions and commodity deposit certificates can help the prosperity of transactions of this product and Iranian pistachio recognition in global markets. Slowly
The commodity markets trader emphasized: The entry of pistachios into the commodity exchange was done in the past, which at that time was not considered much by market participants for some reasons, but now the commodity exchange has entered with full trading tools on pistachio products. The field has been opened and today, in addition to the accepted standard warehouses, the process of accepting new warehouses is also being taken seriously.
Explaining the benefits of pistachio trading on the stock exchange, he said: Among the benefits of pistachio trading, we can mention such things as the appropriate time and range of fluctuations for trading and enjoying tax exemptions related to agricultural products and new financial instruments on the stock exchange. Also, the need to observe standard quality specifications and simple buying and selling are other benefits of doing pistachio trading on the stock exchange. In addition, the stock exchange is a transparent platform for discovering the real rate and covering the risk of farmers and activists in this field affected by exchange rate fluctuations.
Eslami stated: With the appropriate approach of the Commodity Exchange and the cooperation of other institutions related to agricultural products in the country, I hope to see the increasing growth of such transactions and more variety of new financial instruments on pistachios and other agricultural products in the Commodity Exchange.