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AGRICULTURAL PRODUCE EXCHANGE TO OPEN IN IRAN BY SEPT 2004.

Asia Africa Intelligence Wire

| December 04, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

TEHRAN, Dec 4 Asia Pulse - Executive Director of Iran's Agricultural Produce Exchange Organization, Ahmad Kabiri, said the Agriculture Produce Exchange (APE) will formally start operations in the first half of the next Iranian calendar year (starting March 20).

Kabiri said opening of the APE would lead to easier process of agriculture produce exchanges, transparency of prices, higher efficiency, reduction of risks, expansion of financial market and better marketing conditions for producers.

He said the agriculture business in Iran has become very risky due to indefinite macroeconomic variables and ever changing atmosphere of …

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