Karelia is interested in selling dairy products through BUCE

November 11, MINSK. Karelia is interested in selling dairy products through the Belarusian Universal Commodity Exchange, BUCE press secretary Roman Yaniv told a BelTA correspondent.

Vladimir Labinov, Deputy Prime Minister of the Government of the Republic of Karelia, Minister of Agriculture and Fisheries, expressed interest in selling raw cow's MILK and other products of the agricultural complex on the trading platform of the Belarusian Universal Commodity Exchange during a teleconference organized at the request of the Russian side. In his opinion, the experience of BUCE in the field of exchange trading in agricultural products can be used by Karelian enterprises in order to increase the efficiency of their trading and purchasing activities.

“Since raw milk is a perishable commodity and, taking into account long distances, it would be problematic to organize its deliveries to Belarus, we are primarily interested in the possibility of using the exchange mechanism when selling milk raw materials from nearby regions of RUSSIA in Karelia. As far as I know, the exchange mechanism is developing quite dynamically in Belarus. trade in raw milk, so we would like to learn from this experience and try to sell products of Russian dairy producers through your trading platform. Of course, in the future, if our pilot project takes off, the range of goods sold at exchange auctions will expand," Vladimir Labinov said.

For his part, Alexander Osmolovsky, Chairman of the Board of BUCE, confirmed the exchange's readiness to cooperate with the government of the Republic of Karelia, not only in terms of trade in agricultural products, but also in any other commodity areas. At the same time, he noted that Russian companies are leading in terms of the number and volume of transit transactions, so the initiative to sell milk raw materials from the Vologda, Kaliningrad, Pskov and other regions of the Northwestern Federal District in Karelia has every chance of success.

when Russian dairy producers come to our site, they can count on a significant increase in revenue. Moreover, we are ready to organize separate trading sessions especially for participants from the Republic of Karelia, which will allow your enterprises to get the maximum economic benefit from the use of the exchange mechanism," Alexander Osmolovsky emphasized.

As a result of the teleconference, an agreement was reached to work out the technical and organizational issues of the participation of enterprises of the Republic of Karelia in exchange trading. At the same time, the Russian side offered to assist in informing Karelian agricultural enterprises about the opportunities and advantages of the Belarusian stock exchange.

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.