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Owners
NTB CJSC is a member of the Moscow Exchange Group. Since 2002, it has been participating in state commodity and procurement interventions in the grain market, and is an authorized exchange of the Ministry of Agriculture of Russia.
The main direction of NTB development is the organization of the exchange commodity market (cash goods, derivatives) in Russia. NTB CJSC has a license of the Central Bank of the Russian Federation No. 077-008 dated December 25, 2013 to organize exchange trading. When organizing exchange trading on NTB, the infrastructure of the Moscow Exchange is used.
History
2024: Pork trading started in Russia
In June 2024, exchange trading in pork began in Russia - on the National Commodity Exchange (NTB). This important step opens up new opportunities for meat market participants, contributing to the development and increase of market transparency.
The first auctions for the purchase of pork were held on June 21, 2024. The organizer was "Dymov sausage production," and the winner was "Tambov bacon." During the auction, 52.5 tons of chilled and frozen pork semi-carcasses were purchased at an average price of 170 rubles per kilogram, including VAT. This event has become a landmark for the market, as it opens the door for regular trading in meat products on the stock exchange.
The exchange notes that the successful holding of the first auctions testifies to the market's interest in the new format of trading in meat products. This opens up prospects for the further development of exchange trading not only in pork, but also in other types of meat and meat processing products. The introduction of pork exchange trading helps create a more transparent pricing mechanism and builds trust between suppliers and buyers. Market participants get the opportunity to enter into transactions on better terms, which ultimately affects prices for end consumers.
According to TASS, earlier the executive director of the National Union of Meat Processors Nikolai Aksenov announced plans to start commodity auctions for pork in June 2024. In the future, the possibility of launching trading on chicken is also being considered. The move is aimed at increasing the range of exchange traded goods and improving trading conditions for all market participants. The process will allow meat producers and processors to respond more flexibly to market conditions and provide more stable and predictable product prices.[1]
2023
Russia's largest milk producer "Econiva" began exchange trading in dairy products
Russia's largest milk producer, Econiva, has begun exchange trading in dairy products. The press service of the company announced this on October 16, 2023. Read more here.
Creation of a logistics tool in the grain market
The National Commodity Exchange (NTB, part of the Group Moscow Exchange"") and the digital logistic platform Smartseeds signed a cooperation agreement. The partnership will provide participants state in grain market interventions and commodity auctions with a convenient mechanism for transporting contracted grain. This was announced by the Moscow Exchange on May 19, 2023.
Exchange bidders - buyers and sellers - will be able to get a tariff calculation and order grain transportation through Smartseeds at the fixed tariff within two weeks.
The mechanism will remove existing logistical barriers and facilitate the arrival of new bidders for NTB cereals. Enterprises will receive a guarantee of the export of their products and predictable transportation prices. This will help to fulfill the obligations made and make it easier to use exchange instruments.
Weekly on the NTB website will publish information on the cost of grain transportation, which will be formed on the basis of the Smartseeds platform.
Шаблон:Quote 'author = said Nikita Zakharov, director of NTB.
{{quote 'author = noted Anton Kondratov, director of Smartseeds. | The partnership with the National Commodity Exchange is evidence of the increasing use of digital tools to optimize the entire chain that grain passes - from producer to end-user. We act as the guarantor of the logistics part of the transaction, fully take on the issues of organizing the road transportation of the realized harvest. Smartseeds, as a reliable partner, is ready to support agricultural producers at every stage - from calculating the cost of transportation to unloading from the buyer. We hope that in the near future and transportation will become an exchange commodity, logistics will become easier and faster, and costs − predictable,}}
2022
Bank of Russia approves first Russian commodity index
The Central Bank of the Russian Federation approved the first Russian commodity index, which the regulator announced on July 6, 2022. The pilot price indicator was the exchange index for wheat, which is calculated daily by the National Commodity Exchange JSC. The indicator primarily reflects the cost of a ton of wheat on delivery terms to the port of Novorossiysk.
The message of the Central Bank notes that for market participants, the index is a benchmark with which you can solve your business problems. He will also become an assistant in launching price risk hedging instruments. In addition, the index can be used to regulate commodity markets.
The Central Bank also reported that they conducted a joint assessment of the quality of the formation of the index, connecting the Ministry of Agriculture, the Federal Antimonopoly Service and the Ministry of Finance.
The Bank of Russia, having approved the exchange index for wheat, took part in the development of domestic pricing in the commodity market and the creation of a system of national indices. The regulator considers the market value of goods to be the key and most reliable source of information for the formation of indicators, which is determined by the results of transactions on exchanges and in trading systems (organized trading).
Grain market experts note that the new index will allow, in particular, to replace foreign suppliers of exchange information and give more transparency to the grain market.
 | This will be our domestic index, and we will stop using the indices of overseas exchanges such as the Chicago Mercantile Exchange or the French International Futures Market. That is, this is quite promising, it is already working quite successfully, and many of the client base use this exchange, - said on July 6, 2022, the general director of the United Grain Company Dmitry Sergeyev during a meeting with Russian President Vladimir Putin.[2] |  |
2016: Composition of shareholders
As of August 2016, the shareholders of NTB CJSC included: Russian Grain Union, Union of Sugar Producers of Russia, PJSC Moscow Exchange and others.
Notes
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