BUCE reports 45% increase in export sales of all types of timber products in January-March to $111.8 million
<p> MINSK, Apr 7 - PrimePress. Belarus Universal Commodity Exchange (BUCE) increased export trading in all kinds of timber products (sawn wood, wooden poles and stakes, wood chips, fuel pellets, etc.) in January-March, 2021 by 45% year on year up to $111.8m, BUCE told PrimePress. </p> <p> </p> <p> The total turnover of timber products (domestic and export sales) in January-March 2021 increased by 79% year on year to Br819 million ($308.52 million at the rate of National Bank of Belarus). </p> <p> </p> <p> Great Britain accounted for the largest increase in sales of sawn timber through BUCE in January-March 2021 - six times year on year to $2 million in money terms and three times in volume terms to 8.5 thousand cubic metres. Shipments to China in January-March 2021 rose to 24.8 thousand cubic metres (1.5 times yoy) for $5.4 million (twice as much). </p> <p> </p> <p> “The key role here was played by large importers of timber from the United Kingdom and China, which were able to buy the entire volume they needed on a single trading platform. Another important point is that transactions are made directly between producers and end consumers, which is beneficial for both parties”, the BUCE press service explained. </p> <p> </p> <p> In January-March 2021 companies from 23 countries made timber purchases at the BUCE platform. Lithuania, Germany and Latvia traditionally ranked among the top three buyers. End </p>
2021-04-08
Primepress
BUCE reports 45% increase in export sales of all types of timber products in January-March to $111.8 million
MINSK, Apr 7 - PrimePress. Belarus Universal Commodity Exchange (BUCE) increased export trading in all kinds of timber products (sawn wood, wooden poles and stakes, wood chips, fuel pellets, etc.) in January-March, 2021 by 45% year on year up to $111.8m, BUCE told PrimePress.
The total turnover of timber products (domestic and export sales) in January-March 2021 increased by 79% year on year to Br819 million ($308.52 million at the rate of National Bank of Belarus).
Great Britain accounted for the largest increase in sales of sawn timber through BUCE in January-March 2021 - six times year on year to $2 million in money terms and three times in volume terms to 8.5 thousand cubic metres. Shipments to China in January-March 2021 rose to 24.8 thousand cubic metres (1.5 times yoy) for $5.4 million (twice as much).
“The key role here was played by large importers of timber from the United Kingdom and China, which were able to buy the entire volume they needed on a single trading platform. Another important point is that transactions are made directly between producers and end consumers, which is beneficial for both parties”, the BUCE press service explained.
In January-March 2021 companies from 23 countries made timber purchases at the BUCE platform. Lithuania, Germany and Latvia traditionally ranked among the top three buyers. End