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Resupply of wheat in the stock market

Mr. Ali Bakhshandeh, Product Manager of Bourse Bimeh Iran Brokerage Company

According to Law 33 of Productivity, the supply of wheat, corn and barley in the commodity exchange continued until the beginning of 2019, and according to this law, the government was no longer entered as a merchant in the wheat market, while it only determined the base price based on which the farmer offered wheat in the stock exchange.

If the price was lower than the approved price, the government would pay the difference to the farmers. Of course, in most cases, the price was higher than the approved rate, which took a competitive form.
It was at the beginning of 2019 that the government launched a system in the Ministry of Agricultural Jihad and GTC and included all agricultural transactions in it. And unfortunately, the government entered into transactions again.

According to the news of the stock exchange organization, it is planned that wheat will be offered through a commodity deposit certificate, and the physical cash hall and the commodity deposit hall in the stock exchange will once again host agricultural products in the stock exchange.

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