BUCE took part in a food exhibition in China

Photo BUTB March 4, MINSK . The Belarusian Universal Commodity Exchange took part in the CHINA International Allfood Expo exhibition for the first time, which is one of the largest food exhibition forums in China, the BUCE press service told BELTA.

This time the exhibition was held in Shenzhen (Guangdong Province), bringing together over 1.5 thousand food manufacturers from all over the world. BUCE took part in it in order to increase the EXPORT of Belarusian agricultural products to the Chinese market and expand the circle of exchange trading participants from this country.

The BUCE delegation held meetings with the management of more than 50 Chinese companies on the purchase of Belarusian MEAT and dairy products, SUGAR and rapeseed oil, as well as on the supply of machinery and equipment to Belarus for the food industry. As a result of the negotiations, agreements were reached on the accreditation of buyers of skimmed MILK powder, whey powder and beef at BUCE. In addition, Chinese manufacturers of packaging lines, freezers, pasteurizers and beverage bottling systems showed interest in the Belarusian exchange platform. Applications for the sale of this equipment are planned to be placed on the BUTB industrial and consumer goods platform, where an electronic import substitution service has been operating specifically for enterprises in the real sector of the economy since 2022.
At the same time, the Commission on Prepared Food Products under the China Food Association Prefabricated Food Committee will assist the BUCE representative office in Shanghai in informing Chinese business entities about the possibilities of using the exchange mechanism. Promising areas of cooperation with this organization were also discussed on the sidelines of the China International Allfood Expo.

OJSC "Belarusian Universal Commodity Exchange" was created in 2004. The first auction took place in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. The main function of the exchange is to assist Belarusian enterprises in exporting products and assist foreign companies in entering the Belarusian market. The exchange sells metal, timber, agricultural products , industrial and consumer goods of a wide range.

Currently, 167 residents of the PRC are accredited to BUCE. Since the beginning of the year, they have concluded exchange transactions totaling $26.1 million, which is 3.5 times more than for the same period in 2023. Through BUCE, mainly woodworking products were supplied to China , and products from ferrous and non-ferrous metals were imported. Photos of BUTB