TÃœRÄ°B-TÃœRKÅžEKER cooperation in contract agriculture
19.06.2020 / Ankara
Turkish Product Specialized Exchange (TÜRİB) and Turkish Sugar Factories Inc. (TÜRKŞEKER) have signed a cooperation agreement to store contracted agricultural products in licensed warehouses and to be converted into Electronic Product Bonds (ELÜS).​
With this cooperation, the appropriate products produced by TÃœRKÅžEKER producers will be stored in licensed warehouse enterprises and converted into ELÃœS and processed in confidence and stability in TÃœRÄ°B ELÃœS Market.
In addition, advances paid to farmers by TÃœRKÅžEKER before production will be offset in the exchange process on the transaction amounts carried out in TÃœRÄ°B within full automation.
With the infrastructure development works carried out jointly, TÃœRKÅžEKER was integrated into TÃœRÄ°B ELÃœS Processing Platform and these operations were carried out in TÃœRÄ°B.
Within this framework, the first process was carried out on 19.06.2020.
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