Export prices for butter have increased significantly at BUCE

October 25, MINSK . According to the Belarusian Universal Commodity Exchange, during August - October of this year, the cost of butter sold at EXPORT exchange trading shows an increase of up to 20%. BELTA was informed about this by the press service of the exchange.

“Export prices for butter have been growing for the third month in a row. At the same time, demand clearly exceeds supply, since the entire volume put up for auction is being purchased, and up to five buyers can bid for one lot. As a result, for some items, exchange quotes are 15-20% higher indicative values ​​established by a working group under the Ministry of Agriculture and Food. The reason for the upward price trend is the increased interest in Belarusian dairy products on the part of Russian companies. Compared to January - September last year, supplies of butter to RUSSIA increased in physical terms by 2.7 times. Moreover , the surge in demand for butter contributes to export sales of other types of dairy products, which are sold as part of prefabricated lots, namely powdered MILK and rennet cheeses. Thus, today the exchange platform serves not just as an electronic tool for concluding foreign trade transactions, but also helps domestic exporters to extract additional benefit from the current situation,” the BUTB press service said.

Export trades in dairy products are held at BUCE three times a week. At trading sessions, butter with a fat mass fraction of 72.5% and 82.5%, skimmed and whole milk powder , whey powder and semi-hard rennet cheeses with a fat content of 45% and 50% are sold.