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Belarusian commodity exchange trade volume up by 39% in January-November 2018

Economy 06.12.2018 | 11:51
Belarusian Universal Commodity Exchange
Belarusian Universal Commodity Exchange

MINSK, 6 December (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) reported that the volume for January-November 2018 was 336,000 contracts totaling Br3.9 billion, which was up by 39% year-over-year, BelTA learned from the BUCE.

The timber section reported Br1.6 billion in contracts, which represents the biggest growth of 51% year-over-year. Round timber domestic sales shot up by 44%, the export of cut timber by 76 %. These two positions accounted for 74.4% of the total timber section trading volume.

The metal section posted Br1.2 billion in contracts, which was up by 20%. The sales were traditionally dominated by ferrous metals and products made from them. Since the beginning of the year, Belarusian enterprises have purchased Br930 million worth of these products.

The agriculture section also demonstrated good results in January-November 2018. Contracts involving agricultural products totaled Br758 million, up 45% year-on-year. Oil meal, and also milk powder and meat remained the locomotive of sales on the domestic market.

The sale of industrial and consumer goods stood at Br364 million, up 50% year-on-year. Most of the contracts were concluded for building materials, equipment and spare parts.

As of 1 December, the BUCE had 20,290 accredited companies, including 4,087 non-resident companies from 60 countries.

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