MINSK, 20 August (BelTA) – Polish companies have accounted for over 59% of the total export of low-grade raw wood via the Belarusian Universal Commodity Exchange (BUCE), BelTA learned from BUCE spokesman Roman Yaniv.
“A total of 252,000 cubic meters of these products worth €5.5 million have been sold to foreign markets via BUCE transactions since June 2019. Apart from Poland, the top three buyers of the Belarusian timber products include Lithuania and Latvia that accounted for 22.5% and 14.7% of purchases respectively,” Roman Yaniv said.
Taking part in transactions in the timber section were residents of 11 countries, including Austria, Hungary, Germany, Moldova, Slovakia, Turkey, the Czech Republic and Estonia. Softwood timber was the most sought-after product.
Belarusian Universal Commodity Exchange was set up in 2004. It conducted its first auctions in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe, the main function of which is to assist Belarusian enterprises with exporting products and foreign companies with entering the Belarusian market. BUCE sells metal, forestry, agricultural products, industrial and consumer goods.
