The attraction of saffron on the stock exchange
Assistant Supervisor for Publishers and Members of the Securities and Exchange Organization said: Saffron is different in terms of other crops in the country because Iran is the main producer of saffron in the world and the stock exchange is preparing to supply this product with the aim of obtaining the actual profit from the hard production of this product Reach farmers.
Hassan Amiri, today announced that on Sunday, March 12th, in the ceremony of launching the Saffron Option Contract on the Commodity Exchange, we saw in the past years the major profit from saffron production to intermediaries, but this year, with the boom in saffron trading on commodity exchanges in cash, a commodity deposit certificate And future contracts are witnessing the improvement of farmers’ conditions and the country’s saffron market.
He pointed to the optimum volume of saffron traded on the stock exchange and continued: the deal of 66 tons of saffron in the physical market and 27 tons of saffron in the certificate of merchandise evidence indicates the favorable acceptance of the agricultural sector of the trades in this commodity in the commodity exchange, which is part of the concern Farmers are reluctant to sell the product at cheap prices to intermediaries.
Amiri added: “Today, with the opening of the options for saffron in the Iranian stock exchange, we are working to complete the Saffron financial instruments portfolio, in order to provide new opportunities for the market participants in the field of saffron price insurance in the future,” Amiri added.
He pointed to the bargaining power of the deal and said that the option would be lower than future contracts, lower risk, and lower working capital requirements, and most importantly, the contract will be the basis for future saffron price insurance, which will greatly benefit farmers from the attractiveness It will be high.
Amiri said: “The stock exchange has had a very good performance in the field of tooling for the agricultural sector, which the stock exchange organization provides for the creation of new financial instruments, including commodity commodity commodities on the stock exchange.
Assistant Supervisor for Publishers and Members of the Securities and Exchange Organization, expressed hope that, with the advent of agricultural commodities such as saffron on the Iranian stock exchange, cooperatives and institutions related to the agricultural sector with the entry of commodities from traditional financing and inefficient distances Taking into account the curtailed commodity programs in the field of culture, it is expected that good things will happen in the agricultural sector of the country.
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