Belarusian participants of exchange trading in January-September received an economic effect of Br363 million

October 18, MINSK. The amount of additional revenue and savings of Belarusian organizations that made transactions on the Belarusian Universal Commodity Exchange in January-September reached Br363 million, which is 1.8 times more than the same indicator last year, BUCE spokesman Roman Yaniv told a BelTA correspondent.

“The volume of exchange trade turnover directly affects the indicator of additional revenue and savings. That is, the larger the amount of exchange transactions, the more tangible the economic effect for trading participants. This was facilitated by a number of factors, the most important of which are the growth of the client base, the physical volume of transactions and the dynamics of prices for the main commodity items," said Roman Yaniv.

Thus, since the beginning of the year, almost 2,000 new companies have entered the stock exchange, including 435 non-residents. At the same time, sales of such demanded goods as lumber, coal, rapeseed oil, feed additives, and cement increased. For example, the EXPORT of rapeseed oil in volume terms increased 4 times, coal purchases - 2.3 times, sawn timber sales in the domestic market - 3.8 times. "As for the price situation, it was more than favorable for exporters. In particular, quotations for rapeseed oil supplied abroad have increased by 40% since the beginning of the year, and for beet pulp - by 1.6 times. At the same time, over the past For three months, prices for rolled steel and the most popular grades of sawn timber have fallen seriously on the domestic market, which has had a positive impact on reducing the costs of Belarusian consumers," the spokesman said.

The most significant economic effect was obtained by companies that bought metal products and coal at BUCE. By reducing prices during exchange trading, they were able to save Br203.2 million, or 1.5 times more than in January-September 2020. For forest industry enterprises, the benefit from participation in exchange trading increased 2.4 times - up to Br145.8 million. This amount included additional revenue from domestic exporters of sawn timber, wood chips, poles and stakes, as well as savings for forestry enterprises on the purchase of forestry services.

For agricultural organizations, the use of the exchange platform brought Br13.8 million in additional revenue and savings, or 2.7 times more than in January-September 2020. Buyers of oilseed meal, feed additives and MEAT raw materials, as well as sellers of dairy products, rapeseed oil, beet pulp and wet blue leather benefited the most.

JSC "Belarusian Universal Commodity Exchange" was established in 2004. The first auction took place in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. The main function of the exchange is to assist Belarusian enterprises in exporting products and to help foreign companies enter the Belarusian market. The exchange sells metal, timber, agricultural products, industrial and consumer goods of a wide range.