TÜRİB / Turkish Mercantile Exchange (TMEX): physical commodity exchange in Ankara
TÜRİB, known in English as Turkish Mercantile Exchange, organises a national market for electronic warehouse receipts, or EWRs.
AGR-023 · Physical commodity exchange · Ankara, Türkiye · TRY
National trading in electronic warehouse receipts
TÜRİB, known in English as Turkish Mercantile Exchange, organises a national market for electronic warehouse receipts, or EWRs. Its headquarters are in Ankara, while the underlying goods sit in licensed warehouses across Türkiye. A trade concerns title to specified, graded commodities rather than an unrestricted offer for any truckload. This connects organised trading with storage and quality assessment and can help producers, processors and merchants compare offers. Warehouse geography remains central even when execution takes place electronically.
EWR trading reached TRY 123.6 billion and 9.9 million tonnes in 2025. These are turnover measures: ownership of the same goods may change more than once, so the figures should not be treated as unique physical deliveries. A new trading system and intermediary model were introduced during that year. Public market screens and indices support price observation, but permission to view data does not automatically provide permission to submit an order. The market's turnover is also different from revenue earned by the exchange operator.
A buyer should compare grade, warehouse, quantity and release charges as well as the commodity name. Wheat stored far from a mill may cost more after freight than a nominally dearer offer at a nearby warehouse. Before the first transaction, agree registration, purchase funding, settlement timing and the procedure for converting receipt ownership into physical collection with the intermediary. Clarify who pays storage charges and when those charges start. For an imported or exported purchase, establish whether additional documents and transport arrangements are needed beyond the domestic receipt transaction.
A seller should establish whether the chosen warehouse accepts the crop and how sampling, weighing and receipt issuance work. Compare net proceeds after freight, testing, storage and commissions, rather than the screen price alone. In price analysis, distinguish a quotation for an individual commodity from a composite commodity index. Confirm the availability of the particular crop, warehouse and lot in the current system; a broad list of permitted commodities does not mean that offers exist every day in all locations. Preserve the receipt description with the transaction record so that quality and location assumptions remain traceable.
What is priced: Grains, oilseeds and pulses, Fruit, Coffee, cocoa, tea, sugar, cotton, rubber and spices
Where to find the prices
Products and quotations
Wheat; Barley; Maize; Cotton; Sunflower seed; Paddy rice; Beans; Lentils; Chickpeas; Soybeans; Hazelnuts; Pistachios; Dried apricots
Key figures
- EWR market volume: 9,900,000 t (2025). Receipt turnover; not unique physical deliveries.
- EWR trading value: 123,600,000,000 TRY (2025). EWR market; not operator revenue.
Sources
- TÜRİB — 2025 bulletin
- TÜRİB — EWR products
- TÜRİB — price dissemination
- TÜRİB — contact
All agricultural exchanges, markets and price sources
