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23 June 2022, 16:00

BNBC concludes first exchange deals on amino acids supplies to Bashkortostan

MINSK, 23 June (BelTA) - The first deals on the delivery of L-lysine sulfate produced by the Belarusian National Biotechnology Corporation (BNBC) to Bashkortostan have been made on the Belarusian Universal Commodity Exchange (BUCE), Eduard Belsky, First Deputy Chairman of the Board of the Belarusian Universal Commodity Exchange said during an online seminar on the exchange trade in agro-industrial products, BelTA learned from the BUCE press service.

“Increasing the volume of exchange trade with Russian regions is one of the priorities of the BUCE foreign trade policy. Today BUCE actively develops cooperation with companies from Leningrad, Moscow, Smolensk, Bryansk, Volgograd, Pskov, Kaliningrad and Chelyabinsk regions, as well as the business circles of Altai and Krasnodar territories. As for Bashkortostan, practical interaction with this region began with the visit of a business delegation to the BUCE in December 2022. Then more than 70 enterprises of the region got familiar with the capacities of the Belarusian exchange platform,” said Eduard Belsky.

BUCE representatives later joined the working group for trade and economic cooperation between Belarus and Bashkortostan and took part in its meeting in Ufa in May 2022. In addition, a series of webinars was held following which four companies from Bashkortostan were accredited at the exchange. “These are the companies that have made the first deals to purchase BNBC products at the exchange trading sessions. We expect that in the future the volume of sales will increase and the range of purchased goods will expand,” the BUCE representative said.

The online seminar was attended by representatives of the Ministry of Agriculture of Bashkortostan and heads of 24 companies from the region, specializing in the production, sale and purchase of agricultural products. Participants discussed prospects for involving enterprises of Bashkortostan in the work of the import substitution platform operating at the BUCE. Companies from other Russian regions have already been trading on this exchange platform, and concluding not only traditional export-import deals, but also transit contracts, when both the seller and the buyer are residents of the Russian Federation.

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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