An agricultural products exchange piloted today with an opening bell at 12.00. Government officials from Ministry of Industry and Agriculture, Agency for Fair Competition and Consumer Rights and 19 brokerage companies gathered at the opening ceremony to participate in the pilot trading.
As decided, Sukhbaatar, Khentii, Dornod aimags were covered in first turn trade in which are rich in wool and cashmere. Buying orders linked to suppliers via internet and dedicatory software at the auditorium. The market will trade in agricultural products and other raw materials and contracts based on them such as trading contracts to receive products in a certain time and it aimed to protect the herders-suppliers from price drops and the processors-buyer from price rises.
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