The first exchange trades in pork took place in Russia

52.5 tons of chilled and frozen pork in half carcasses were purchased The first commodity exchange auctions for the purchase of pork were held at the National Commodity Exchange (NTB), with the participation of the National Union of Meat Processors (NUM), reports the press service of the exchange. The auction was organized by Dymovskoye Sausage Production, and the winner was Tambov Bacon (Rusagro). During the auction, 52.5 tons of chilled and frozen pork half-carcasses were purchased at an average price of 170 rubles/kg, including VAT. The exchange’s message notes that the successful purchase of pork at the first auction indicates the market’s interest in the new exchange commodity and the prospects for the development of exchange trading in meat and meat processing products. The executive director of Rincon Management, Konstantin Korneev, believes that the main advantage of exchange trading is transparency of pricing and understandable price conditions. “This mechanism is ...