This year, 20 commodities worth MNT 700 billion traded through the Mongolian Agricultural Commodity Exchange.

It was 22.7 percent higher than in the previous year. Trading value increased as the commodity prices rose 30-70 percent in 2018, according to the MACE. In addition, 82.3 percent of the total trade on the MACE was generated by trade of unprocessed zinc and dark cashmere. Price on these commodities have increased by over 60 percent from the previous year. In the future, are increasingly experts emphasizing the importance of cashmere quality, supplying, processing, and exporting value added products. This year, not only wool and cashmere were traded on the MACE, but also meat and hides were traded on it. Next year, the Mongolian Agricultural Commodity Exchange plans to organize forward trade of livestock, meat and hides.

Source: BloombergTv.mn