Brokers generate 33% of total sales on Belarusian commodity exchange
Archive photo
MINSK, 26 January (BelTA) – Trade on the Belarusian universal Commodity Exchange (BUCE) amounted to Br5.3 billion in 2020, up by 16% over 2019. Exchange brokers and their clients accounted for 33% of total sales, BelTA learned from BUCE spokesperson Roman Yaniv.
There are currently around 50 brokers at BUCE, including ten non-residents from Germany, China, Latvia, Lithuania, Poland, and Russia. Belarus Bellesexport, Belarusian Timber Company, and Germany s Malag & Soltau GmbH topped the ranking of BUCE s most active exchange brokers in 2020. “The first two organizations are Belarus biggest exporters of forest products. The German company is one of the biggest suppliers of timber products to Europe, Asia, and the USA. These three companies also top the ranking of brokers in the forest products segment,” Roman Yaniv said.