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History

SAKARYA COMMODITY EXCHANGE

Sakarya Commodity Exchange has been founded on 18 April 1925 with the name Adapazari Ticaret ve Zahire Borsasi with signatures of Ghazi Mustafa Kemal and Cabinet of Ministers. It was vacated on 12 December 1931 following the world economic depression in 1929, and was re-established on 19 February 1957 with the approval of Ministry of Commerce as a result of the initiatives of merchandiser who were doing the business of agricultural products in our province. The purpose of our commodity market is to satisfy joint requirements of its members, to facilitate professional activities, to maintain their development in line with the general benefits of the profession. It is a legal entity which was establish basing upon Article 28 of Chambers and Commodity Exchange Law 5174 so as to deal with trading of commodities included in the Exchange Market in Sakarya Province, to determine the prices arisen in the Exchange Market, and to deal with the registration and announcement transactions. The bodies of Sakarya Commodity Exchange are; Council, Management Board, Supervisory Board, Disciplinary Board and Committees.

            The most significant commodities which are subject to quotation are Livestock, Hazelnut, Corn, Heather, Potato, Onion, Pumpkin Seed and outdoor Ornamental Plants. Our Commodity Exchange shapes the future through strategical plans in order to maintain services that are delivered to our members in sustained and high-class manner.  It is one of the first 4 commodity exchanges which obtained “Accredited Exchange Certificate” from Turkish Union of Chambers and Exchange Commodities. It renders service under ISO 9001 Quality Management System. SCE determines the rules for the transactions between buyers and sellers, provides solutions to the disagreements, delivers services for the issues such as supports, grants and business developments, and publishes bulletins, illuminate its members through periodicals and contribute to their professional developments through seminars.