MINSK, 3 March (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) now regularly organizes exchange trade in birch tree juice for the home market, the BUCE press service told BelTA.
In order to provide additional economic benefits for sellers, prices go up as part of a direct auction algorithm.
According to information from the Belarusian Universal Commodity Exchange, a transaction for 10 tonnes was already concluded as a result of the pilot trading session. The first batch of birch juice was purchased by a large Belarusian producer of juices and nectars from a forestry enterprise located in Minsk Oblast. The second trading session resulted in four more deals totaling 275 tonnes. The purchases were made by two well-known producers of non-alcoholic beverages. Forestry organizations from Brest Oblast, Gomel Oblast, Grodno Oblast, Minsk Oblast, and Mogilev Oblast participated in the trading sessions as suppliers.
“The sale of birch juice at the exchange is an opportunity to determine the real market price of this sought-after resource in a competitive environment. Every year forestry enterprises in our country harvest about 18-20 thousand tonnes of birch sap, with the bulk getting processed later. Since this is still a very young segment of the exchange market, not all juice producers and consumers participate in trading yet. However, as this area develops, the concentration of supply and demand will undoubtedly increase,” the BUCE press service commented.
Birch juice trading will take place every Monday for the duration of the harvesting season. Applications for sale must be submitted by 15:00 on the working day before the trading day and applications for purchase must be submitted by 9:00 on the trading day.
Current exchange quotes for birch juice are available on the BUCE website. At present the weighted average price per tonne of juice with deferred payment is Br294.5 from the seller’s warehouse and Br308.9 at the buyer’s warehouse.
The public joint-stock company (OAO) Belarusian Universal Commodity Exchange was established in 2004, with its first trading session conducted in June 2005. BUCE is one of the largest mercantile exchanges in Eastern Europe. Its key function is to assist Belarusian companies with exporting their products and assist foreign companies with entering the Belarusian market. The commodity exchange facilitates trade in metals, timber, agricultural products, and a broad choice of industrial and consumer goods.
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