The government’s decision to protect saffron

The government’s decision to protect saffron

The government’s decision to protect saffron and pistachio
Launching the stock of saffron and pistachio in line with the liquidity of agricultural products, forming a coherent market for active participation in the global market, managing the price fluctuations of these products, preventing intermediation, market regulation and transparency. One of the measures taken by the Ministry of Economic Affairs and Finance in the eleventh government have been.

According to ISNA, the Ministry of Economy, on the 81st day of the 100th day’s 100-day program, introducing 100 actions by the Ministry of Economy in the eleventh government, introducing the “Organization of Iranian Pistachio and Saffron Market in the Eleventh Government”, as one of the The achievements of the Ministry of Economy in a report: Iran is known as one of the largest producers of pistachios and saffron in the world, currently our country alone produces more than 96% of saffron and 40% of the total world production of pistachios. Therefore, among the provinces of Kerman province with a share equal to 38% of the total production in the country ranked first and the provinces of Khorasan Razavi and Yazd each with a production of about 18% in the next ranks. At present, 40% of the total world production is allocated to Iran. Pistachio is considered the most important product in the non-oil export basket of Iran after the gas, petrochemical and carpet industries.

As a result, due to the high volume of pistachio and saffron production, the organization of these products inside the country and the global market is of particular importance. In order to regulate the market and actively participate in the global market for these products, the Ministry of Economic Affairs and Finance has concluded that managing the five most important variables in demand, namely product, price, distribution channels, packaging and advertising, as the market for saffron and pistachio In our country, it is based on retail and should be consistent and meet the standards of the day. For this reason, economic experts believe that pistachios and saffron are due to the cash market, standardization, the availability of suitable stores for storage, ability to hold in a given period and the existence of surplus supply, the ability to trade in the form of physical transactions and certificates. Commodity deposit can have a special place in the stock exchange.

Benefits of merchandise deposit certificates

The Supreme Council of Securities and Securities on May 12, 2014, in accordance with clause 24 of Article 1 and Article 4, Article 4 of the Law on Securities Market of December 2005, identified and approved the “Goods Deposit Certificate” as a financial instrument of the Securities Market Law . The commodity deposit certificate is a security representing the ownership of the holder of the goods at a specified amount with the backing of the standard bills of exchange issued by the stock exchange approved by the stock exchange. In this method, saffron and pistachio holders, in accordance with the specific standard that the bourse can declare, can obtain their product in the stock exchange with the receipt of the stock exchange code (stock), and the storage receipt (certificate) Deposit).

These people can sell their products through stock exchanges or store them for a certain period by referring to stock brokers and completing a sales application form. One of the benefits of a commodity deposit certificate for market players is the lack of physical delivery of products, so that there is no need to move and pay for the relevant charge at any time. Other benefits of these certifications include keeping goods in standard conditions at low cost, the possibility of continuous and multiple sales without moving, making sure the buyer and seller are confident about the quality of the purchased goods.

Also, the certificate of merchandise deposit allows the sale of the product at a real price, especially by increasing the volume of transactions and the number of market participants in stock exchanges and standardizing the acceptable product in the warehouse and increasing the commitment to the standard of the goods to buyers and sellers of goods. As a result, a commodity deposit certificate can help improve the Iranian saffron and pistachio brand globally, as price information is published online and through the Internet worldwide, making it possible for domestic and international buyers. To directly engage in these deals. Given the advantages mentioned, these banners are a good foundation for Iranian pistachios and saffron.

Launching pistachios and saffron on Iran stock exchange

As mentioned before, Iran is one of the largest pistachio producers and also the largest saffron producer in the world, while in the past, due to unproductive management, the sale and marketing of these products was not taken into consideration, but with the coming of the government Eleven, a new hope was exerted on the export of these products. Accordingly, the Ministry of Economic Affairs and Finance, in line with the liquidity of agricultural products, the formation of a coherent market for the active and powerful presence in the world market, the management of price fluctuations, the prevention of intermediation, market regulation and economic transparency, on February 24, 1395 And March 16, 1395, launched a stock of saffron and pistachio in Iran’s stock exchange.

One of the advantages of supplying pistachios and saffron in Iran’s stock exchange is finding prices in a competitive and transparent market. Accordingly, direct and immediate supply of pistachios and saffron to the consumer or exporters of small farmers will allow the launch of a derivative market using tools such as futures and options for dealing with pistachio products in the near future. This action will help develop and boost advanced and standardized warehousing systems and capture the global market for these products.

Nevertheless, it seems that pistachio trading with the cooperation and follow up of the Kerman Chamber of Commerce, Industries, Mines and Agriculture and Rafsanjan Pistachio Cooperative Co. and two trading stations in two brokerage firms of Kerman province indicate a new era in pistachio trading of the country with the measures of the government of Hadith And soon we will see the establishment of a rice export of pistachio products through commodity exchanges and expanding its export through this way.

source: isna /ir