Bashkiria is one of first to launch exchange trading agrarian project

UFA, 29 May 2017. /Bashinform News Agency, Galina Bakhshieva/. Bashkortostan is one of the first in the country to launch a pilot project to organize exchange trades for agricultural producers of the republic. This became possible due to an agreement with JSC "National Commodity Exchange", the press service of the Ministry of Agriculture RB informs.

Participation in exchange trades will allow agrarians to expand the sales markets of their products in Russia, as well as to increase the opportunities for selling Bashkir grain for export. In addition, agricultural producers of Bashkortostan will be able to conduct pledge transactions with grain.

For this purpose 16 enterprises of the elevator complex are trained and accredited in the republic. Two of them have already been accredited at the National Commodity Exchange.

Since 2002, the National Commodity Exchange has been involved in conducting state commodity and procurement interventions in the grain market. It is an authorized exchange of the Ministry of Agriculture of Russia.