Pakistan Mercantile Exchange (PMEX): derivatives exchange in Karachi
Pakistan Mercantile Exchange, based in Karachi, is a multi-commodity derivatives exchange.
AGR-026 · Derivatives exchange · Karachi, Pakistan · PKR; USD
Domestic and international agricultural contracts; developing warehouse-receipt delivery
Pakistan Mercantile Exchange, based in Karachi, is a multi-commodity derivatives exchange. Its agricultural catalogue combines products linked to domestic supply chains with instruments referencing international markets. The key distinction is between a product that can result in receipt of grain in Pakistan and one used for price exposure. A shared commodity name such as corn or wheat does not imply the same currency, quantity unit or settlement method. Procurement teams should identify the exact symbol before assuming that a screen price represents a locally deliverable parcel.
In June 2026, the operator announced a deliverable yellow-maize futures contract. Its specification gives a 10-tonne lot, quotation in rupees per 40 kg and delivery through an electronic warehouse receipt. These details matter directly to purchase calculations: a price per 40 kg must be converted before comparison with an offer per tonne. No comparable annual agricultural-segment volume is claimed here.
A feed-mill buyer should check the warehouse identified by the receipt, grain quality requirements, quantity tolerance and onward freight cost. Confirm that the broker actually supports physical delivery for the account category. Agree funding of the full commodity value, payment deadlines and the documents needed for release. The ability to buy futures does not guarantee collection at any chosen date, place or quantity. The buyer should also decide how a shortfall, excess quantity or disputed test result would affect production scheduling before relying on the exchange purchase for a factory delivery.
A seller should start by confirming intake requirements at the accredited warehouse and the quality-assessment process. Separate storage and testing expenses from trading fees and margin requirements. Public Market Watch divides products into categories, so analysis should follow the exact instrument symbol rather than only the crop name. Before executing, examine activity in the chosen expiry, available bids and offers, and the latest operator notices. Where an instrument references international prices, currency changes add another influence. The local delivered price of maize may move differently from an overseas benchmark, making freight, quality and exchange-rate assumptions essential parts of a practical comparison.
What is priced: Grains, oilseeds and pulses, Coffee, cocoa, tea, sugar, cotton, rubber and spices
Where to find the prices
Products and quotations
Deliverable yellow maize; Rice; Sugar; Wheat; Soybeans; Cotton; Corn — international contract
Key figures
- Yellow Maize contract size: 10 t (June 2026 specification). Futures lot, not annual volume.
- Maximum Yellow Maize moisture: 12 % (June 2026 specification). Delivery quality parameter; check rule amendments.
Sources
- PMEX — agricultural products
- PMEX — maize specifications
- PMEX — 2026 maize launch
- PMEX — data
All agricultural exchanges, markets and price sources
