Tehran, Dec. 27(SENA) – In Accordance with the directives of Market Surveillance Commission, IME will initiate trade of wheat on its export ring as of Wednesday, 8th of December.
Having grown enough wheat to be self-sufficient, IME has decided to offer Iran's wheat oversupply on its export ring on the approval of the Market Surveillance Commission, IME international affairs and PR reported.
IME's export ring will be hosting offering of two 10-thousand-ton cargos of Durum Wheat produced in Khozestan Province, the delivery place of which will be Khozestan's Shoush Warehous and Imam Khomeini Port (FOB). The former will be traded physically with the maturity date as the 4th of January and the base price will be 235 dollars. The latter will be traded physically on IME's trading floor at 245 dollars as the base price.