According to the shahrebours, the saffron market on the Iranian Commodity Exchange experienced a significant boom on Monday, November 1, 1404, and a total of more than 357 kilograms of Negin saffron were traded in 3,566 futures contracts worth 59.1 billion Tomans.
Increase in Commitment Positions in Saffron Futures
Based on trading statistics, we witnessed an increase in open commitment positions in the saffron futures contracts for the three maturities of November, December and March. These changes resulted in a total decrease of 2,952 open positions in the Negin saffron symbol, which indicates the high mobility of traders in the futures market for this product.
Growth in Saffron-Based Fund Trading
In the commodity fund market, the trading volume also reached more than 80 million 540 thousand units, and the total value of transactions was estimated at about 348.8 billion Tomans. An examination of the composition of traders shows that in the Saharkhiz Fund, the participation of real investors in buying was 99 percent and in selling was 80 percent. For the Nahal Fund, this participation in buying and selling was reported to be 99 and 92 percent, respectively.
High volume trading in the saffron certificate of deposit market
More than 1 million 24 thousand certificates were traded in the saffron certificate of deposit sector, and the value of this sector of the market reached about 167.4 billion tomans. The simultaneous growth of transactions in the certificate, fund and futures markets shows that saffron still has a special place in the investment portfolio of commodity exchange activists.
