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12 May 2021, 13:03

Georgian feed additives manufacturer eyes Belarusian commodity exchange

MINSK, 12 May (BelTA) – Executive Director of the Georgian company Nationaux 1792 LLC Stefan von Wolf du Ross visited the central office of the Belarusian Universal Commodity Exchange (BUCE) to explore opportunities to use BUCE's digital platforms to sell agricultural products, BelTA learned from BUCE's PR department.

“One of the lines of work of Nationaux 1792 LLC is the production of feed additives for cattle. The company is interested in regular trading sessions in these products as it is the best option to find buyers in Belarus. Feed additives are one of the most popular products on BUCE. Given the rapid development of the livestock industry, prices for them have been continuously growing,” BUCE noted.

In January-April 2021, 38,520 tonnes of feed additives were sold via BUCE, which was up by 64% year-on-year. In monetary terms, transactions in feed additives amounted to Br69.41 million, which was twice as much as in the same period of 2020.

Following the negotiations, Stefan von Wolf du Ross expressed interest in trading on BUCE to get access to the Belarusian commodity market.

Nationaux 1792 LLC was established in Georgia in 2019. Apart from making feed additives, the company specializes in growing and processing quinoa and works in biotechnology and pharmacology. The Georgian company is keen to move its production and research facilities to Belarus. Its annual turnover equals over $2.2 million.

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.

Photos courtesy of BUCE

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