The total value of transactions with farm products settled at OAO Belarusian Universal Commodity Exchange (BUCE) in January-October stands at Br382 million ($200 million), up by 31% YoY.
The best-selling product on the domestic market was oil seed coarse meals – 170,000 tons worth Br124 million ($64.9 million); supplies of corn and fodder supplements to the domestic market grew by 28% to $89 million ($46.6 million).
Milk powder was the key export commodity – Russian companies have been purchasing large quantities of Belarusian-made milk powder since late last year: 12,000 tons of milk powder worth Br60 million ($31.4 million) sold in January-October, up 2.8 times.
The total value of transactions settled at BUCE in January-October stands at Br1.963 billion ($1 billion), up by 24.1% YoY.
The volume of domestic transactions grew by 19.6% to Br675.46 million ($344.5 million).
Export transactions accounted for Br528.75 million ($277 million), up by 31.4% YoY; import – Br759.05 million ($397.7 million), up by 23.6% YoY.
As of November 1, there were 16,831 companies officially registered at the BUCE, including 13,284 residents.
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.
The BUCE annual turnover is estimated at some $2 billion. (Prime-TASS/Business World Magazine)
