Each contract of saffron is 100 grams

Each contract of saffron is 100 grams

Alireza Naserpour, deputy director of market development and economic studies of commodity exchange, said in order to open the contracts for the sale of saffron, it was necessary to set up a strong cash market for the basis of this product in order to set up the options for trading the saffron. In this regard, the Saffron futures contract in the stock exchange The commodity was launched in order to familiarize market participants with derivative transactions; thus, from June this year, and with the entry of the future deals of saffron into the derivative market, the first contract of saffron was concluded in the agricultural market.
Alireza Naserpourdar mentioned the details of launching the options for Saffron Option and said: The contract is set for saffron negin and the size of the contract is set at 100 grams to allow the entry of micro people to the market. In addition, with the cooperation of the organization The stock exchange and the approval of the board of directors of the stock exchange are set to take into account the zero-coupon pay-off time until the trading boom.
He went on to say that the reason for launching the Saffron Option Contract is undeniable because the contract is a tool for risk insurance and is a tool to insure price fluctuations for farmers, so the tool has strong economic logic. And designing this tool is very effective in the field of agricultural trade.
According to Naserpour, with the launch of saffron commodity funds, the chain of financial instruments in the agricultural sector will be completed, which we hope agricultural commodity boxes will be able to create a good portfolio of existing tools by entering the saffron market.