MINSK, 5 March (BelTA) - The first transaction to sell technical casein to the Chinese market has been concluded at the Belarusian Universal Commodity Exchange (BUCE). The batch totaled 21 tonnes, BelTA learned from the BUCE press service.
The seller was one of the leading milk processing companies in Minsk Oblast, and the buyer was a trading company from Beijing specializing in import and distribution of dairy products.
The expansion of the commodity range in the exchange exports to China is linked to a stable growth of trading participants from this country. In 2024, 90 new residents from China were accredited at BUCE, and 12 more residents have been accredited since the start of 2025. Such interest of Chinese business in the Belarusian exchange platform not only contributes to an increase in the level of competition, but also creates favorable conditions for the emergence of additional commodity items supplied to China through the commodity exchange.
“Exchange cooperation with China is vibrant, especially in the sale of domestic goods to the Chinese market. Both the number of transactions concluded by Chinese bidders and the list of Belarusian products exported to China have significantly increased in just a few years. In 2022, the main products sold included timber, rapeseed oil, milk powder and vet-blue leather for a total of $29 million. In 2024, butter, whey powder, meat products and cellulose were added to these commodity items, and the number of transactions exceeded $129 million. This year, the development of exchange trade between Belarus and China continues, and the sale of technical casein is one of the practical results of this work,” the BUCE press service said.
As of 1 March 2025, a total of 259 Chinese residents were accredited with BUCE, including four with the status of exchange brokers.
Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.
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