Belarus commodity exchange’s trade volume up 22% in Jan-Jun 2019 to Br2.286bn

12.07.2019 09:37 / Belarus

MINSK - The total value of transactions settled at OAO Belarusian Universal Commodity Exchange (BUCE) in January-June 2019 stands at Br2.286 billion ($1.117 billion), up 22% year on year, BUCE press-secretary Roman Yaniv told PrimePress.

The volume of domestic transactions grew by 37.1% year on year in Jan-Jun 2019 to Br 1.145 billion ($558.46m). Import transactions totalled Br597.13 million ($291.313m), down 3.8% year on year; export transactions – up 29.6% to Br543.95 million ($265.37m).

BUCE facilitated transactions with metal products to the tune of Br680.76 million ($332.12m), down 4% year on year; sales of ferrous metals and products on the domestic market – Br504m ($245.88m), down 6%; non-ferrous metals – down 11% to Br32m ($15.613m).

Coal sales grew by 19% to Br82m ($40m).

BUCE timber transactions in Jan-Jun 2019 grew 32% year on year to Br879.38 million ($429m).

Round timber sales on the domestic market grew 33% to Br356m ($173.68m). Saw timber exports – up 18% to Br306m ($149.285m), exports of fire wood chips – up 44% to Br79 million ($38.54m).

BUCE farm products transactions grew 57% year on year in Jan-Jun 2019 to Br495.59 million ($241.78m).

Domestic sales of farm products fell by 9% to Br127 million ($61.957m), cheese sales – up 9.4 times to Br40 million ($19.514m). Domestic sales of milk powder grew by 47 times to Br48 million ($23.417m).

Milk powder exports grew by 2.4 times to Br16m ($7.806m), butter export transactions grew by 3 times to Br58 million ($28.295m).

BUCE transactions with consumer goods and industrial products grew 16% year on year in Jan-Jun 2019 to Br211.94m ($103.395m): construction materials, equipment, complete parts.

As of June 1, 2018 there were 21,587 companies officially registered at the BUCE, including 4,315 non-residents from 61 countries.

Belarusian Universal Commodity Exchange OJSC was registered by Minsk City administration on May 25 2004. Its founders are the Belarusian Material Resources Concern, national company Beltorginfoservis, Savings Bank Belarusbank OJSC, Beleximgarant export-import insurer.

The state holds a 98% stake in the BUCE statutory capital.

The list of commodities that can be traded at the mercantile exchange includes timber, farm products, industrial and consumer goods.

There are five commodity sections at the BUCE: timber, metal, consumer goods, the futures market. 

Source: PrimePress

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