Rapeseed oil and sugar provide more than half of the exchange exports of Belarusian agricultural products

Canola Seed & Rapeseed

Published Nov 16, 2023

Tridge summary

Rapeseed oil and sugar accounted for over 50 percent of agro-industrial exports through the Belarusian Universal Commodity Exchange from January to October 2023. The main buyers of rapeseed oil were companies from China, Lithuania, Poland, Switzerland, and Estonia, while sugar was primarily sold to Kazakhstan, Kyrgyzstan, Moldova, and Uzbekistan. Exchange trading has proven to be efficient in expanding the distribution network and generating additional revenue for Belarusian exporters through increased competition and higher prices.

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Original content

More than 50 percent of the total volume of exports of agro-industrial complex products through the Belarusian Universal Commodity Exchange in January - October 2023 fell on rapeseed oil and sugar. Oksana Bogdasarova, head of the BUTB agricultural products trading department, spoke about this during a practical seminar held at the specialized wholesale exhibition-fair “Prodexpo-2023”, and shared information with sb.by from the BUTB press service. According to a representative of the exchange, the geography of sales of agricultural products is constantly expanding. In particular, the main buyers of rapeseed oil at exchange trading now are companies from China, Lithuania, Poland, Switzerland and Estonia. And sugar is mainly sold to Kazakhstan, Kyrgyzstan, Moldova and Uzbekistan. – In general, we can say that the structure of buyers of Belarusian agricultural products is quite diversified. Today these are companies from 13 countries. For example, in Russia, rennet cheeses, butter, ...

Source: Oilworld