Milk powder and butter exchange trading may start in 2016 – Ministry of Agriculture

Источник: The DairyNews
This was announced by Deputy Minister of Agriculture Sergey Levin at the opening of exchange trading in grain. According to his words, starting from 2016 exchange trading in oil seeds, butter and milk powder, as well as in all types of grain may be launched.
Russia ranks third in wheat production in the world and second – in its export. Exchange trading will result in increase in liquidity and transparency of the commodities market, added Moscow Exchange CEO Alexander Afanasiev.

“All major grain dealers as well as brokers already authorized by Moscow Exchange will be able to trade. Producers, commercial users, exporters, traders and investors will have access to the market via dealers and brokers. We plan to extend the underlying asset offering, firstly for agricultural products and then for other commodity groups," - said Moscow Exchange CEO.

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