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The main markets were Germany, Latvia, and Lithuania. Companies from these countries purchased Belarusian sawn timber for the total amount of $24.4 million.
Belarusian commodity exchange posts tenfold increase in export of rapeseed oil in January
MINSK, 2 February (BelTA) - In January 2021 rapeseed oil export deals at the Belarusian University Commodity Exchange (BUCE) totaled $8.4 million, which was up almost 10 times year-on-year, BelTA learned from BUCE spokesperson Roman Yaniv.
“Belarusian rapeseed oil was bought by companies from seven countries. China was the second largest buyer in terms of the amount of deals outpacing last year s leaders Latvia, Estonia and Switzerland. By the way, China started purchasing rapeseed oil at the Belarusian University Commodity Exchange only this year. The volume of purchases is still small as Chinese companies are still studying the Belarusian market. Deals made at the two trading sessions totaled $1.3 million. Yet, prerequisites are in place for a significant increase in export as more companies from China accredit at the BUCE. In the past week alone, we welcomed two new participants, Roman Y
Sawn timber worth $2.4 m sold to China at Belarusian commodity exchange
Photo courtesy BUCE
MINSK, 27 January (BelTA) – More than 11,000 m3 of sawn timer worth $2.4 million bound for the People s Republic of China has been sold at the 2021 first timber trading session at the Belarusian University Commodity Exchange (BUCE), BelTA learned from BUCE spokesperson Roman Yaniv. With prices rising during the trading session, Belarusian exporters received $91,000 in additional revenue, Roman Yaniv said.
The Belarusian University Commodity Exchange launched special trading sessions to sell timber products to China with delivery in containers to points of destination in December 2020. The main goal of the project is to diversify the export of the Belarusian timber industry, and to ensure regular shipments of Belarusian timber to China.
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.