Mongolia began buying Belarusian dairy products at exchange trading

May 15, MINSK . The first two deals on the supply of skimmed MILK powder to Mongolia were concluded at the Belarusian Universal Commodity Exchange, BELTA was told by the BUCE press service.

The buyer was a well-known Mongolian manufacturer of dairy and fermented milk products. The total volume of the trial purchase was 73 tons. Assistance in attracting the first Mongolian importer of Belarusian dairy products to exchange trading was provided by the accredited broker of BUCE in Mongolia - the United Meres Machinery company. “Until recently, only Belarusian SUGAR

was exported to Mongolia using the exchange mechanism . In January - April of this year, over 3.7 thousand tons of white granulated sugar worth $2.3 million were sold to the market of this country. At the same time, overall demand for Belarusian-made goods in Mongolia is quite high and local companies are interested in regular purchases of sugar and other types of agricultural products through the exchange platform. In this regard, the start of sales of milk powder can be considered a landmark event in the development of Belarusian-Mongolian exchange trade, especially considering the expansion of commodity trading. nomenclature, as a rule, has a positive effect on the volume of exchange trade turnover and contributes to the growth of business activity of both domestic sellers and foreign buyers,” the press service noted. OJSC "Belarusian Universal Commodity Exchange" was created 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 assist foreign companies in entering the Belarusian market. The exchange sells metal, timber, agricultural products , industrial and consumer goods of a wide range. According to BUCE, in January - April 2024 , more than 32.3 thousand tons of dairy products worth $158.5 million were sold for EXPORT through exchange trading .