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14 September 2021, 16:10

BUCE conducts $500,000 worth of transactions in Belarusian leather goods

MINSK, 14 September (BelTA) - Twelve transactions totaling about $500,000 have been made as part of an export trading session for tanned semi-finished products “wet-blue” at the Belarusian Universal Commodity Exchange (BUCE), BUCE spokesperson Roman Yaniv told BelTA.

This trading session has been the largest this year so far. “Regular trading in tanned semi-finished products for export has been held on the exchange floor since 29 April. Over the time a total of $5.5 million worth of leather products have been sold abroad. So far, Poland has been leading with the amount of transactions to the total tune of $2.1 million. The UK and Russia go second and third with $1.3 million and $1 million, respectively. In addition, the Belarusian “wet-blue” leather is supplied to Italy, Lithuania and Switzerland, where we managed to find potential buyers and attract them to the trading in the shortest possible time,” said Roman Yaniv.

In September, the activity of foreign buyers in the exchange trading of semi-finished “wet-blue” products has noticeably increased. The results of the last trading session testifies to the fact. “Today we can see high competition for almost every lot put up for sale, and companies from at least 3-4 countries participate in each trading. All products offered by the Belarusian leather-dressing enterprises are bought out. If we talk about the market situation, right now it is definitely a traders' market, and they have been successfully using it,” the spokesperson said.

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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