BUCE transit transactions grow to $4.5m in 2021
<p> MINSK, Jul 29 - PrimePress. The total value of transit transactions concluded by foreign companies on the Belarusian Universal Commodity Exchange (BUCE) has grown 3.5 times since early 2021 up to $4.5 million. The peculiarity of this kind of transactions is that both the seller and the buyer are non-residents of the Republic of Belarus, the BUCE press service informs. </p> <p> </p> <p> In 2021 companies from Latvia, Lithuania, Russia, Poland and Estonia became participants in transit transactions. The nomenclature of such transactions has expanded. In H1 2020 they covered only industrial and consumer goods, now transit transactions are registered practically in all commodity directions represented on BUCE, according to the report. </p> <p> </p> <p> Transit transactions in 2021 were most frequent in the timber products and industrial and consumer goods sections. For example, Russian companies actively supplied softwood lumber to the Baltic States and Poland. In H1 2021, 77 transit transactions worth $968 thousand were registered. </p> <p> </p> <p> The industrial and consumer goods section was also dominated by Russian residents. The subjects of the transactions were fabrics, lighting equipment, furniture, and motor oil. A total of 76 such transactions amounted to approximately $2.3 million. </p> <p> </p> <p> “There was only one transaction in the agricultural products section in 2021, but it was for a rather large amount of $1.2 million. The counterparties were two Lithuanian companies - a supplier and a consumer of rapeseed oil.” </p> <p> </p> <p> The Belarusian Universal Commodity Exchange (BUCE) was established in 2004, the first trading session was held on June 2, 2005. As of July 1, 2021, 26,254 companies (including brokers’ customers), including 5.218 thousand non-residents, were accredited on the exchange. End </p>
2021-07-30
Primepress
BUCE transit transactions grow to $4.5m in 2021
MINSK, Jul 29 - PrimePress. The total value of transit transactions concluded by foreign companies on the Belarusian Universal Commodity Exchange (BUCE) has grown 3.5 times since early 2021 up to $4.5 million. The peculiarity of this kind of transactions is that both the seller and the buyer are non-residents of the Republic of Belarus, the BUCE press service informs.
In 2021 companies from Latvia, Lithuania, Russia, Poland and Estonia became participants in transit transactions. The nomenclature of such transactions has expanded. In H1 2020 they covered only industrial and consumer goods, now transit transactions are registered practically in all commodity directions represented on BUCE, according to the report.
Transit transactions in 2021 were most frequent in the timber products and industrial and consumer goods sections. For example, Russian companies actively supplied softwood lumber to the Baltic States and Poland. In H1 2021, 77 transit transactions worth $968 thousand were registered.
The industrial and consumer goods section was also dominated by Russian residents. The subjects of the transactions were fabrics, lighting equipment, furniture, and motor oil. A total of 76 such transactions amounted to approximately $2.3 million.
“There was only one transaction in the agricultural products section in 2021, but it was for a rather large amount of $1.2 million. The counterparties were two Lithuanian companies - a supplier and a consumer of rapeseed oil.”
The Belarusian Universal Commodity Exchange (BUCE) was established in 2004, the first trading session was held on June 2, 2005. As of July 1, 2021, 26,254 companies (including brokers’ customers), including 5.218 thousand non-residents, were accredited on the exchange. End