KARACHI: In a landmark development for Pakistan’s agricultural sector, Pakistan Mercantile Exchange Limited (PMEX) has signed a strategic agreement with Meskay & Femtee Trading Company, one of Pakistan’s leading agri-commodity traders and exporters.
For the first time in Pakistan’s history, agricultural commodities, starting with wheat and rice, will be traded on a formal, documented and transparent exchange-based platform, enabling credible price discovery and supporting free-market operations in the agri economy. Pursuant to this agreement signing, the exchange expects the trading of enlisted agri-futures contracts to commence later this month.
By integrating major agricultural trade flows onto PMEX’s platform, the initiative is expected to deliver broad-based benefits across the value chain, enabling farmers to access transparent price signals, while traders and exporters benefit from standardization and effective risk management. Importers, processors, and investors gain reliable price benchmarks and documented, regulated transactions. The collaboration will commence with deliverable wheat and rice futures.
As anAgri Market Maker on PMEX, Meskay & Femtee Trading Company will provide continuous two-way quotes and bring sizeable agri-commodity volumes onto the Exchange, deepening liquidity, improving price discovery, and reducing volatility for market participants. Market makers play a critical role in ensuring depth and continuity in futures trading by actively participating on both the buy and sell side.
Established in 2006, Meskay & Femtee Trading Company is one of Pakistan’s leading agri-commodity exporters, with a strong focus on rice alongside wheat, corn, and sesame. The company is amongst the top 2 largest millers in the country and also the largest farm mechanization company, covering procurement, processing, warehousing, and exports, and maintains significant storage and logistics infrastructure all over Pakistan.
At the signing ceremony, the management of PMEX and Meskay & Femtee Trading Company commented that this partnership aligns with a mutual objective of strengthening Pakistan’s agricultural commodities market ecosystem by actively connecting physical agri-commodity supply chains with exchange-traded products.
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