KARACHI: Pakistan Mercantile Exchange Limited (PMEX) has signed an agreement with Meskay and Femtee Trading Company to introduce exchange-based trading of agricultural commodities, starting with wheat and rice, in a move aimed at improving transparency and price discovery in the sector.
Under the agreement, wheat and rice futures will be traded on PMEX’s regulated platform, marking the first time agricultural commodities in Pakistan will be exchanged through a documented and transparent mechanism. PMEX said trading in the listed agri-futures contracts is expected to begin later this month.
The initiative is intended to link physical agricultural supply chains with exchange-traded products, providing farmers with clearer price signals and allowing traders and exporters to manage price risk through standardised contracts. Importers, processors and investors are also expected to benefit from regulated transactions and reliable price benchmarks.
As part of the arrangement, Meskay and Femtee Trading Company will act as an agri market maker on PMEX, providing continuous two-way price quotes and bringing significant commodity volumes to the exchange. PMEX said this would help deepen market liquidity, support price discovery, and reduce volatility in agricultural futures trading.
Meskay and Femtee Trading Company, established in 2006, is a major exporter and trader of agricultural commodities, with a strong focus on rice as well as wheat, corn and sesame. The company is among the country’s largest rice millers and operates across procurement, processing, warehousing and exports, supported by extensive storage and logistics infrastructure nationwide.
Officials from both organisations said the partnership reflects a shared objective of strengthening Pakistan’s agricultural market framework by integrating formal exchange trading into the agri economy.
