IME Debuts Cattle Trading for Export
EghtesadOnline: Iran Mercantile Exchange has begun listing livestock for exports. Fifty Holstein cattle offered by Iran’s capital market’s largest brokerage, Bank Keshavarzi Securities Company, were traded at IME on Wednesday.
The cattle were priced at about $2,923 per head and were intended for export to Turkmenistan. Mostafa Mohammad-Baqeri, an official with the brokerage, announced that the offering will soon take place again. IME is a commodities exchange located in Tehran. Founded in 2006, IME trades in agricultural, industrial and petrochemical products in the spot and futures markets. The mercantile exchange has recently added various commodities to its arsenal, such as gold, pistachio, saffron and automobiles, Financial Tribune reported.
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