The first targeted deals for dairy exports were concluded at the Belarusian Universal Commodity Exchange

Published 2024년 8월 27일

Tridge summary

The Belarusian Universal Commodity Exchange has successfully completed its first 20 exchange-based direct transactions for the sale of dairy products for export, including 44 tons of butter, 1,017 tons of skim milk powder, and 130 tons of whole milk powder. These transactions were made to foreign companies from countries such as Azerbaijan, Armenia, Georgia, Kazakhstan, Russia, Serbia, the United Arab Emirates, Saudi Arabia, and the Philippines. The introduction of the exchange-based address transactions and the simplification of the accreditation procedure for non-resident companies have made the exchange platform more appealing to foreign businesses, leading to an increase in prices for domestic dairy products supplied abroad. Since the beginning of the year, over 96 thousand tons of dairy products have been sold for export through the exchange platform, nearly five times the amount from all of 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The first 20 exchange-based direct transactions for the sale of dairy products for export were concluded at the Belarusian Universal Commodity Exchange. As a result, 44 tons of butter, 1,017 tons of skim milk powder and 130 tons of whole milk powder were sold to foreign markets. Buyers of Belarusian dairy products on the exchange platform were companies from Azerbaijan, Armenia, Georgia, Kazakhstan, Russia and Serbia, as well as from a number of distant countries, such as the United Arab Emirates, Saudi Arabia and the Philippines, the BUCE press service told BELTA. "As expected, the introduction of the mechanism of exchange-based address transactions and the simplification of the accreditation procedure for non-resident companies had a positive effect on the attractiveness of the exchange platform for foreign businesses. It is important that not only companies that had previously purchased butter and dry milk through the over-the-counter scheme came to the exchange, but also ...
Source: Milknews

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