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09 February 2024, 16:38

Belarus to increase exchange trade in agricultural goods with Russia’s Bashkortostan

MINSK, 9 February (BelTA) – In order to increase exchange trade with Russia’s Bashkortostan, the Belarusian Universal Commodity Exchange (BUCE) intends to ramp up cooperation with agro-industrial enterprises of this region, BelTA learned from the BUCE press service.

There are plans to promote both export and import. In particular, Belarusian participants in exchange trade would like to supply dairy and meat products and feed additives to Bashkortostan and to purchase grains and leguminous crops, sunflower oil seeds and food raw materials from this Russian region.

As a result of B2B negotiations conducted by the BUCE delegation, a number of grain and seed suppliers and cattle feed producers expressed interest in selling their products through BUCE. In addition, enterprises making consumer goods declared their intention to be accredited to BUCE. They will be provided with assistance in placing applications on the exchange platform for industrial and consumer goods.

“Over the past year, the amount of transactions by companies from Bashkortostan grew by 9%. The most traded items were lumber and meat by-products made in Belarus. In general, trade with Russia’s Volga Federal District has been quite robust recently. In 2023, mutual trade increased by 1. 7 times. Belarus mostly imports ferrous and non-ferrous rolled metal products, as well as spare parts and components for industrial equipment, while Belarusian enterprises export lumber, building materials, wet-blue leather and meat products,” the BUCE press service said.
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