TÜRİB: In 2024, Transaction Volume Reaches 66.6 Billion TL, with 7.4 Million Tons and 200,000 Transactions

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TÜRİB: In 2024, Transaction Volume Reaches 66.6 Billion TL, with 7.4 Million Tons and 200,000 Transactions

Forex - The Turkish Product Specialist Exchange (TÜRİB) has announced the statistics for the Electronic Product Certificate (ELÜS) Market for the fourth quarter of 2024. Here are the summary details regarding the ELÜS Market:

"Since the beginning of 2024, the trading volume has reached 66.6 billion TL, the traded quantity has reached 7.4 million tons, and the number of transactions has been recorded at 200,000.

The number of active licensed warehouses is 225, providing services in 306 branches across 49 provinces and 144 districts.

The capacity of licensed warehouses has reached 12.2 million tons.

In the fourth quarter of 2024, the trading volume recorded is 14 billion TL, with a traded quantity of 1.4 million tons and the number of transactions at 24,600.

Below are the details of the leading products by traded quantity for the fourth quarter of 2024: Corn: daily average trading quantity of 13,561 tons Bread Wheat: daily average trading quantity of 3,443 tons Durum Wheat: daily average trading quantity of 2,538 tons Barley: daily average trading quantity of 724 tons Soybean: daily average trading quantity of 384 tons Sunflower Seed: daily average trading quantity of 571 tons

The periodic trading volume and quantity of traded products are compared with the same period in 2023: Corn: trading volume decreased by 39.9% to 7.7 billion TL; trading quantity decreased by 59.6% to 881,466 tons. Bread Wheat: trading volume decreased by 53.8% to 2.4 billion TL; trading quantity decreased by 64% to 223,780 tons. Durum Wheat: trading volume increased by 16.3% to 1.9 billion TL; trading quantity decreased by 5.8% to 165,000 tons. Barley: trading volume decreased by 58.4% to 380.5 million TL; trading quantity decreased by 65% to 47,091 tons. Soybean: trading volume increased by 136.7% to 387.6 million TL; trading quantity increased by 99.1% to 24,206 tons. Sunflower Seed: trading volume increased by 143% to 614.9 million TL; trading quantity increased by 46.2% to 25,710 tons.

The changes in Agricultural Product Indices over the last three months of 2024, based on closing values at the end of the month, are as follows: Wheat Index value increased by 1.92% to 5,088.45. Bread Wheat Index value decreased by 0.89% to 5,142.50. Durum Wheat Index value increased by 12.33% to 5,453.12. Corn Index value decreased by 9.47% to 4,686.52. Barley Index value increased by 3.20% to 4,388.72. Grain Index value increased by 0.01% to 4,905.00."