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Traders urged to enter commodity market

September 18, 2012

ISLAMABAD, Sept 17: The Pakistan Mercantile Exchange (PMEX) has asked the traders at the Islamabad Stock Exchange to enter the commodity market through the organised channels.

The PMEX officials on Monday imparted trainings with special focus on educating the traders and general public about the new deliverable agricultural commodities introduced by PMEX.

Faisal Malik, Business Head of Agricultural Products, PMEX said that the turnover of most of the agri-commodities in hundred of billion rupees and all these products are trading through irregular channels and the prices are manipulated and controlled by the key players at these channels which includes wholesale markets and middlemen.

“Basic purpose of these products is to route the investments through regularised exchanges, which is a proper channel and will help in best price discovery of the agri–commodities and also helps in strengthening the economy,” Malik said.

The investors were told that trading of agri- produce through the Commodity Exchange would not only help documentation of economy but also promote organised food markets.