The economic effect of the participation of Belarusian enterprises in exchange trading is estimated at Br271 million - BUCE

August 11, Minsk. In January-July 2021, the amount of additional revenue and savings of Belarusian enterprises that made transactions on the Belarusian Universal Commodity Exchange (BUCE) exceeded Br271 million. This is 69% more than the same indicator last year, BelTA learned from the press service of the exchange.

As noted in the press service, the companies that bought metal products and coal at BUCE received the most tangible economic effect. By reducing prices during exchange trading, they were able to save Br140.4 million, or 28% more than in January-July 2020.

For forest industry enterprises, the benefit from participation in exchange trading amounted to Br121.2 million. Moreover, this figure increased by 2.6 times compared to last year. This amount included additional revenue from domestic exporters of sawn timber, wood chips, poles and stakes, as well as savings for forestries on the purchase of forestry services.

For agricultural enterprises, the use of the exchange platform brought Br9.5 million in additional revenue and savings, or 2.5 times more than in January-July 2020. Buyers of oilseed meal and meat raw materials, as well as sellers of dairy products, rapeseed oil and semi-finished leather products benefited the most.

"The indicator of additional revenue and savings depends primarily on the volume of exchange transactions, which, following the results of 7 months, grew in value terms by 74%, to Br4.7 billion. At the same time, there was a noticeable increase in the level of competition in the course of trading in almost all major groups of goods. This, among other things, was facilitated by the growth in the number of foreign participants.Since the beginning of the year, 347 new non-resident companies have entered the exchange, among which were buyers of sawn timber, rapeseed oil, dairy products, cement and other export-oriented Belarusian products.At the same time, to reduce the costs of domestic enterprises large foreign manufacturers of rolled metal, feed additives, plant protection products were accredited on the stock exchange for the purchase of imported raw materials.All this in combination provided a significant economic effect," the BUCE press service noted.