Business news

MINSK, 3 October (BelTA) - Consolidated Timber Holdings Ltd. (CTH) is ready to buy Belarusian lumber through the stock exchange, David Whitehill, CTH Development Director, said during the negotiations at the Belarusian Universal Commodity Exchange in Minsk on 3 October, Roman Yaniv, the BUCE Chief Communication Officer, told BelTA.

“Having visited forestry enterprises, I can say that we are completely satisfied with the quality of Belarusian sawn timber. This is exactly what we need. The price is also quite competitive. If Belarusian sawn timber is sold for export through the stock exchange, we are ready to participate in bids. However, since we are not familiar enough with the local market and do not know all the details of stock trading, we plan to make deals through a broker at the initial stage. We will not deal with a dozen but with one company that will take over the logistics and quality control of the products,” David Whitehill said.

For their part, BUCE, Bellesexport and Belarusian Forest Company confirmed their interest in cooperation with CTH and direct supplies of Belarusian sawn timber and slab products to the UK. The UK partners will be able to purchase timber products on the FOB and DAT terms they are used to rather than FCA currently used in forestry exports to the Baltic states. The accredited BUCE broker Sarpedon Global Trade, which has experience in supplying timber to the UK market, can serve as the link between CTH and Belarusian exporters.