Colza oil exports via BUCE grow 4 times in Jan-Feb to $15.5m
<p> MINSK, Mar 19 - PrimePress. Colza oil exports through the Belarusian Universal Commodity Exchange (BUCE) in January-February 2021 grew fourfold year on year to $15.5 million, the BUCE press-service said in a release. </p> <p> </p> <p> According to the press service, this growth is due to strong demand from major importers, such as Switzerland and the Baltic states, as well as through the development of new promising markets. </p> <p> </p> <p> “This year Belarusian exporters operating on the exchange platform for the first time got access to the market of China. This made it possible to noticeably increase export supplies in physical terms. In January-February, the growth rate was 400%. As a whole, the capacity of the Chinese market is sufficient to realize the entire export potential of the Belarusian fat-and-oil industry. This country has already become one of the top three leaders in terms of volume of rapeseed oil purchased on the stock market, along with Lithuania and Switzerland. Therefore, it is not ruled out that if the current level of demand remains unchanged until the end of the year, Chine will become a priority market for domestic producers,” reads the report. </p> <p> </p> <p> The Belarusian Universal Commodity Exchange (BUCE) was established in 2004. The first trading session was held on June 2, 2005. 25,340 companies (including clients of brokers) were accredited at the exchange as of March 1, 2021. End </p>
2021-03-20
Primepress
Colza oil exports via BUCE grow 4 times in Jan-Feb to $15.5m
MINSK, Mar 19 - PrimePress. Colza oil exports through the Belarusian Universal Commodity Exchange (BUCE) in January-February 2021 grew fourfold year on year to $15.5 million, the BUCE press-service said in a release.
According to the press service, this growth is due to strong demand from major importers, such as Switzerland and the Baltic states, as well as through the development of new promising markets.
“This year Belarusian exporters operating on the exchange platform for the first time got access to the market of China. This made it possible to noticeably increase export supplies in physical terms. In January-February, the growth rate was 400%. As a whole, the capacity of the Chinese market is sufficient to realize the entire export potential of the Belarusian fat-and-oil industry. This country has already become one of the top three leaders in terms of volume of rapeseed oil purchased on the stock market, along with Lithuania and Switzerland. Therefore, it is not ruled out that if the current level of demand remains unchanged until the end of the year, Chine will become a priority market for domestic producers,” reads the report.
The Belarusian Universal Commodity Exchange (BUCE) was established in 2004. The first trading session was held on June 2, 2005. 25,340 companies (including clients of brokers) were accredited at the exchange as of March 1, 2021. End