Union of Chambers and Commodity Exchanges of Turkey

Digital transformation award to TÜRİB Agricultural Product Indices


23.10.2021 / 



The agricultural product indices, which the Turkish Commodity Exchange (TÜRİB) started to publish on July 14, 2021, were awarded first prize for the contribution of the agricultural ecosystem to digital transformation in the competition for digital transformation projects within the scope of the IDC DX Summit 2021 summit.​

The organization of the second summit with the theme of “The Rise of the Digital Economy and the New Agenda of Managers” this year is carried out by International Data Corporation (IDC), a market research consultancy on industry opportunities and trends in information technology, telecommunications and consumer technologies in more than 110 countries.

The indices are designed to measure the price performance of a single agricultural product (Barley, Wheat, Corn) or a group of agricultural products (Cereals) using transactions that take place in the TÜRİB Electronic Product Bill (ELÜS) Market.

- TÜRİB Product Indices: Pulse of agriculture, the compass of the farmer and the investor

TÜRİB Agricultural Product Indices are a new indicator that our farmers, producers, food industry and financial sector stakeholders can use in product performance measurements if they want to learn more about the price movements of agricultural products traded on the Commodity Exchange, to be able to predict and analyze price changes more easily.

- Indexed products: barley, wheat, wheat bread, wheat pasta, corn, corn 1st class, corn 2nd class and cereal composite index

TÜRİB has the strategic importance and highest liquidity for Turkey in the publication of agricultural product indices wheat (together with the sub-index breakdown of bread and pasta), Corn (1. Class and 2. The class started with the SUB-index breakdown) and the TÜRİB Cereals Index consisting of barley products and these products. Thus, it was possible to use a single indicator value for our investors to track prices and to monitor the relationship between Turkey and the world agricultural commodity markets.

TÜRİB Agricultural Product Indices provide an understandable and transparent view of the current situation of the TÜRİB ELÜS Market. The calculated TÜRİB Agricultural Product Indices are intended to be used in three different ways:

i. Investment Instrument: Investment funds can be converted into different investment instruments such as futures contracts,

ii. Comparison Criteria: To be the criteria for comparing the performance of agricultural products with other investment instruments,

iii. Indicator Tool: An indicator of agricultural economic activity.

- Basic benefits of TÜRİB agricultural product indices

§ Determining the main direction of product markets in Turkey,

§ The widest and most accurate representation of opportunities in agricultural products for stakeholders engaged in agricultural activities throughout Turkey,

§ Monitoring the relationship between Turkey and the world agricultural commodity markets,

§ Creation of comprehensive product index series (key indicator, most liquid, composite product group and singular product indices),

§ Creating a benchmark indicator on a main product basis using prices in different codes (ISIN) representing thousands of products exported by the licensed warehouse business,

§ Monitoring the price and return on investment of a basket of products,

§ Easily representing the prices generated in different product classes on the basis of different geographical regions on the basis of individual products,

§ Implementation of transparent and precedent rules-based methodology,

§ High data quality and flexible data distribution options.

 

 

 

- Platforms where indices are published

 

·         TÜRİB website: http://seans.turib.com.tr; http://www.turib.com.tr

 

·         Data Distribution Companies: Symbols of MATRIX and FOREKS data distribution terminals:

 

Code - Definition

TRBARP - TÜRİB Barley Index

TRBBGD - TÜRİB Wheat Index

TRBBGDEKM - TÜRİB Wheat Bread Index

TRBBGDMAK - TÜRİB Confectionary Wheat Index

TRBMSR - TÜRİB Corn Index

TRBMSR1SN - TÜRİB Corn 1. Class Index

TRBMSR2SN - TÜRİB Corn 2. Class Index

TRBHUB - TÜRİB Cereals Index

Name Surname
Your Email
Your Friend's Email
Your Note
Your message has been sent
Thank you
SEARCH