Our Profile & Duties;
According to the 28th article of the Chambers, Commodity Exchanges and Union law no. 5174, commodity exchanges are public corporation entities established to determine, register and declare the prices of those goods in the market in line with the relevant law. Commodity exchanges are financial and administrative institutions enjoying limited autonomy as specified by law. In other words, these entities don't lay a burden on the state and they create and use their own resources. They may even provide funds for public institutions.
Commodity exchanges are managed by boards composed of elected members. In that sense, they are deeply committed to democracy of which they make up an essential part. Commodity exchanges are also indispensable for the market economy. Because in the commodity exchange, agricultural product prices are determined by supply and demand. The Duties of NCE In accordance with the 34th article of the Chambers,
Commodity Exchanges and Unions law no. 5174 , the duties of commodity exchanges are as follows:
a) To regulate and register the purchase and sale of the goods concerning the exchange
b) To determine and declare the daily prices of the goods concerning the exchange.
c) To carry out the legal arrangements which set out the responsibilities of the buyers and sellers regarding the delivery payments, rectification processes of the proceedings, the effective conditions on the prices and in case of a disagreement, to determine general regulations upon approval by the Union in accordance with the commercial arbitration rules and regulations.
d) To determine price ranges following national and international markets, to provide guidance to its members about e-commerce and internet networks.
e) To arrange and approve the documents mentioned in the Article 51.
f) To establish laboratories and technical offices to determine the type and quality of the goods concerning the exchange or to support existing facilities.
g) To determine the regulations, customs and precedents related to the markets in their regions; to present them to the Ministry’s approval and declare the results.
h) To make necessary proposals, requests and applications to the official authorities regarding the market’s activities and to commence suits on his or their behalf if its to the interest of all or some of the members ,
ı) To follow agreements, decisions and appropriate applications which may have disruptive effects on competition and in case of discovering such discrepancies, to inform related authorities.
j) In the event that the duties assigned to the ministries or other public offices are given to the exchange markets in accordance with the establishment purposes and areas of functioning mentioned in this Law, to carry out these duties accordingly.
k) To provide the documents required by the members and related services.
l) To evaluate the applications for the national fairs and to make necessary proposals to the Union.
m) To carry out the duties given by other legislation and tasks assigned by the Union and the Ministry within the framework of the relevant laws.