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EFKO Group Launches Oilseed Procurement Auction on the National Commodity Exchange
Release time:
2025-10-09 10:00
Source:
The National Commodity Exchange (NTB), part of the Moscow Exchange Group, announced that EFKO Group will begin holding oilseed procurement auctions starting at 11:30 a.m. on September 24.
The company will purchase at least 10% of its total processing raw materials through the exchange.
According to the exchange, several major companies in the agricultural and food sectors have joined the trading platform this year: Prioskolye Company began holding commodity auctions at the end of July; and earlier, following a directive from the Federal Antimonopoly Service, Russian Agribusiness Group and Cherkizovo Group also began offering their products on the platform. Major buyers at the commodity auctions also include Russian Grain Company, Agro-Sira Group, Ekoniva Group, and N.I. Tkachev Agro-Complex.
The National Commodity Exchange launched the calculation of exchange indices for sunflower seeds, rapeseed, and manganese oils in December of last year. This indicator, calculated and published daily, reflects the market price per ton of sunflower or rapeseed for a minimum of 100 tons of sunflower or rapeseed sold at processing facilities in the Kursk Oblast on a delivery/freight paid basis.
Last year, the volume of agricultural products traded on the National Commodity Exchange increased 1.5 times to 3 million tons. In terms of value, it increased 44% to 72 billion rubles.
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