Belarusian experience of exchange trading of agricultural products presented at international dairy forum

Photo by BUCE May 19, MINSK . Belarus' experience in conducting exchange trades in agricultural products was presented at the international forum "Dairy Business 360: AIC, Processing, Market", which was held in Minsk. This was reported to BELTA by the press service of the Belarusian Universal Commodity Exchange.

The event was attended by leading specialists and heads of the largest companies in agricultural production, MILK processing and trade. Oksana Bogdasarova, HEAD of the Agricultural Products Trading Department at BUCE, spoke about how the Belarusian exchange market for agricultural products is developing in general and what key trends can be identified, what groups of goods are in the greatest demand among traders on the domestic market and abroad, and what are the most important advantages of using the exchange mechanism in purchasing and selling products, including for EXPORT .

Given the theme of the event, the main focus was on the dairy activities of BUCE. According to Oksana Bogdasarova, in recent years, Belarusian milk processors have become much more active in using the exchange platform when interacting with foreign buyers. As a result, last year, supplies of dairy products to foreign markets accounted for 84% of all agricultural exports through the exchange.

"Foreign participants in the trades were especially in demand for such items as butter and dry milk . Moreover, not only residents of the EAEU countries acted as buyers , but also companies from Europe, Southeast Asia, the Middle East, South and North America. This year, dairy products also account for a significant share of export sales of agricultural products. According to the results of January-April, this figure was 61%," noted Oksana Bogdasarova.

Compared to January-April 2024 , agricultural exports via BUCE increased by 75% in value terms to $335.7 million. The top sellers were MEAT products, milk powder , butter and feed additives.

JSC Belarusian Universal Commodity Exchange was established in 2004. The first trades took place in June 2005. The Belarusian Universal Commodity Exchange is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises in exporting their products and to help foreign companies enter the Belarusian market. The exchange sells metal, timber, agricultural products , industrial and consumer goods of a wide range.