Pistachio Certificate of Deposit for the first time


For the first time Certificate of Deposit for pistachio has been traded at Iran Mercantile Exchange (IME). At the first day, CDs for 3.8 tones of Round Pistachio were offered. The initial prices were at 919,500 rials (8.12 USD) for each kilogram. End prices reached 921,500 rials for each kilogram.

IME plans to add Future Contract market for Pistachio as well in the next future. IME hopes that with new trading tools, the pistachio market becomes more transparent and that it helps to ease the export as well.