Prohibition of receiving the right to pay transaction fees on the Saffron Option Contract
Alireza Naserpour, deputy for market development and economic studies of Iran’s stock exchange at the ceremony of opening the contracts for the sale of saffron, said the launch of saffron volatility transactions required the creation of a cash market, so the future agreement on saffron was launched on the stock exchange, through which activists Get acquainted with the derivatives market.
He continued: since June this year, with the arrival of Saffron futures on the market, the first futures contract for saffron was concluded in the agricultural products market.
Nasser Pour explained the details of launching options for saffron options, said the contract is to be launched on saffron negin and the contract size is set to 100 grams.
He added: In addition, with the cooperation of the Stock Exchange and the approval of the board of directors of the stock exchange, it is stipulated that until the moment of the boom of trading, the right to pay the transactions is not received.
The deputy director of market development and economic studies of Iran’s stock exchange emphasized that the contract is a tool for covering risks and insuring price fluctuations for farmers, said that with the establishment of the saffron chain of commodity funds, financial instruments will be completed in the field of agriculture. We hope that the agricultural commodity boxes will be able to create a good portfolio of existing tools by entering the saffron market.
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