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Belarusian Universal Commodity Exchange trade volume soars by 61% in January

Economy 08.02.2019 | 13:45
An archive photo
An archive photo

MINSK, 8 February (BelTA) – In January 2019 Belarusian Universal Commodity Exchange (BUCE) processed 30,778 deals worth a total of Br415 million, 61% up from January 2018, BUCE Press Secretary Roman Yaniv told BelTA.

Timber products made a great contribution to the overall trade figure, with 5,858 deals to the tune of Br224.6 million processed since the beginning of the year or 2.4 times as much as in January 2018. The growth is attributed to a considerable increase in the export of sawn wood and dynamic sales of round wood and forest harvesting services on the home market. In particular, the sum of export deals with sawn timber grew by 2.6 times. The export of wood chips and wood waste soared by 8.8 times. The acquisition of round timber by Belarusian woodworking companies increased by 92%. The volume of forest harvesting and forest-based services sold in January 2019 exceeded the figure registered in January 2018 by 2.7 times.

Belarusian Universal Commodity Exchange helped sell Br83.7 million worth of metal products in January 2019, 14% down from January 2018. The decline is attributed to lower sales of ferrous metals and derivative products on the home market (8% down) as well as coal (54% down). Changes in the purchasing schedule of Belarusian cement mills, which are the main consumers of these products along with Belarusian Railways, were quoted as the reason behind the sharp decline.

The volume of deals involving agricultural goods rose by 55% to Br74.7 million. Domestic sales of oil-bearing extraction cakes, milk powder, cereals and feed supplements accounted for over half of the figure.

The section of industrial and consumer goods reported an increase in the physical volume and monetary volume of transactions. Despite an insignificant decrease in economic activity, which is only typical at the start of the year, Belarusian and foreign traders concluded 4,460 deals worth Br32.1 million, 68% up from 2018. Construction materials, equipment, and components remained the most popular products.

As of 1 February 2019 Belarusian Universal Commodity Exchange had 20,612 accredited companies, including 4,131 companies residing in 61 foreign countries.

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