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05 April 2021, 17:36

Belarusian commodity exchange posts fivefold rise in cement export in Q1 2021

MINSK, 5 April (BelTA) – Export of cement via the Belarusian Universal Commodity Exchange (BUCE) soared fivefold in Q1 2021, BUCE's Spokesman Roman Yaniv told BelTA.

In Q1 2021, the sum of export transactions in cement on BUCE equaled $10.2 million, which was a fivefold increase over January-March 2019. The main export market was Russia that accounted for over 90% of the total export. Work is also underway to boost export to the Polish market. Thanks to its efforts, BUCE has already attracted several large buyers from Poland.

“Almost all cement sold at BUCE's export trading sessions is purchased by Russian companies. Recently, they have carried out not just one-time transactions, but have signed long-term contracts to buy large batches of tens of thousands tonnes of products. Export to the Polish market has also been on the rise. Supplies to this country have increased thanks to more flexible logistics. For example, we offered an opportunity to deliver cement not only by rail, but also by road. This option appeals to Polish buyers, so we expect more Polish companies to take interest in Belarusian products in the future,” BUCE's press service said.

In 2020, 191,000 tonnes of cement worth $9.2 million was sold at BUCE's export trading sessions. Export markets for cement included Poland, the Baltic states, Russia, and Ukraine.

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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