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CEO of IME Announced

IME; Ready to List Durable Commodities

Hamed Soltaninejad, CEO of Iran Mercantile Exchange, pointed to the amount of wheat supply in IME and said: “Last year two million tonnes of wheat was traded on IME, 500,000 of which were exported to global markets, showing good opportunity for wheat transactions on IME.”
IME; Ready to List Durable Commodities

CEO of IME expressed that at present, the Ministry of Agricultural Jihad has not communicated the amount of wheat to be traded on IME on this year to us, but we will continue to offer wheat on our domestic market, and it seems that just like last year, a significant percentage of domestic wheat will be traded on IME in the current year and the remaining will be exported to global markets.

Regarding the launch of the flower and fruit Exchange, proposed by the Deputy Minister of Agriculture Jihad, Soltaninejad said that the IME is ready to list durable commodities, and any high-volume commodities can be offered on the IME.

“Listing commodities on IME is dependent on some criteria. The listing committee is able to decide on the acceptance of the product on the IME’s main market, which if refused, the product can be offered on IME’s side market.”

CEO of Iran Mercantile Exchange pointed to the IME’s pivotal role in realization of the slogan of “Support for Iranian Goods” and said: "Iranian goods should be high quality goods to attract consumers’ satisfaction and gain support. If this support be based on price and value, then so much the better. If the goods are traded through the supply and demand mechanism, a high quality commodity will be rewarded with more value and price.

He emphasized that "price" is a good benchmark for the production of high quality goods, and said that in order to distinguish between high quality goods and low quality goods, more money should be paid for high quality goods, but in the event of mandatory pricing and neglecting the competition, the Iranian Goods will not be supported, and all producers will produce goods at a certain level without thinking about improving the quality of goods.

At the end, Soltaninejad pointed out: "Given the fact that high quality goods will find their real price through competition, one way to realize the slogan of “Support for Iranian Goods” will be though Iran Mercantile Exchange.

Author: International Affairs and PR

ID: 50069858

Published on: Wednesday, April 18, 2018 18:00

Source: IME

View count: 7

Wednesday, November 14, 2018 13:13

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