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14 October 2021, 18:42

Rapeseed oil producers, dairy companies named top exporters at Belarusian commodity exchange

MINSK, 14 October (BelTA) - Rapeseed oil producers and dairy companies have topped the BUCE ranking of agricultural exporters, spokesman for Belarusian Universal Commodity Exchange (BUCE) Roman Yaniv told BelTA.

Enterprises of the fat-and-oil and dairy industries became the top five exporters of agricultural products operating at Belarusian Universal Commodity Exchange in January-September 2021. The ranking was compiled based on the volume and number of transactions made by companies during the reporting period.

Vitebsk Oil Extraction Plant, one of the leading Belarusian oilseed processors, placed first with a significant margin from competitors. It more than tripled its export through the commodity exchange during the period under review.

Two domestic flagships of the fat-and-oil industry - Oblrapsagroservic and Agroprodukt - shared the second place in the ranking. Like Vitebsk Oil Extraction Plant, they used BUCE to sell rapeseed oil abroad. For Oblrapsagroservic the growth rate made up 2209%, and for Agroprodukt - 945%.

Lida Dairy and Canning Plant, a major player on the domestic dairy market, placed fourth in the ranking. The enterprise used the exchange to export butter, milk powder and casein mainly to Russia and Germany. As a result, the enterprise's exports increased 2.7 times.

Skidel Sugar Refinery ranked fifth for the first time. The company made it to the top five agricultural exporters thanks to the transfer of significant volumes of its beet molasses sales to the exchange. This product turned to be in great demand in the Baltic states, while the competition during the trading sessions helped the domestic producer get additional currency earnings.

In January-September 2021 the export of goods via BUCE soared 76% up to $564 million, including the sales of rapeseed oil (2.4 times to $48 million), butter (by 21% to $13 million), milk powder (by 17% to $9 million) and molasses to $6 million (the product was not sold via BUCE in 2020).

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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