Improving Agricultural Market Performance:
Developing Agricultural Market Information Systems
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4.3.3 EXCHANGE-LINKED MIS IN TURKEY In Turkey, the Türkiye Odalar ve Borsalar Birliği (TOBB), which is a confederation of all local
chambers of commerce as well as commodity exchanges is a major source of market
information. It has an easily accessible website which provides regional level statistics as well
as analytic documents, for example, on producer price indices. Daily prices from the commodity
exchanges are published on the TOBB website (for example for wheat in Figure 21). As is the
case for all functional commodity exchanges, the prices reported are based on standardised
contracts traded by the exchanges. The commodities are sold per standard weight and have to
comply with clearly-defined grading standards, which make it possible to use the reported
prices as reference prices in various transactions.
Figure 21: Wheat Prices from Commodity Exchanges in Turkey – Reported by TOBB
Source