IME Trade Grows 48% in 8 Months
EghtesadOnline: An estimated 76.21 million tons of goods and more than 4,000 vehicles were traded in the spot market during the period. Compared to the same period last year, the deals jumped 77% in volume.
Trade at the Iran Mercantile Exchange (IME) reached 5,886.2 trillion rials ($16.5 billion) in the first eight months of the calendar year to November 22.
Overall trade was 48% higher on the same period last year, according to IME data.
IME is a commodities exchange in Tehran founded in 2006 to sell farm, industrial and petrochemical products in the spot and futures markets.
The jump in spot market deals was the main driver of growth. It hosted commodities worth 5,552 trillion rials ($15.55 billion), up 47% year-over-year.