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Opinion: Exchange trade helps Belarus diversify dairy exports

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MINSK, 18 February (BelTA) - Exchange trade contributes to the diversification of the Belarusian dairy exports, Aleksandr Kazyuchits, the official representative of Olam International (Singapore), one of the world’s largest suppliers of agricultural products, BelTA learned from the press service of the Belarusian Universal Commodity Exchange (BUCE).

“At a time of high demand for food in the world, Belarusian dairy producers have all chances to carve out market share from EU and New Zealand manufacturers. Using the Belarusian Universal Commodity Exchange will not only provide domestic exporters with the most attractive prices but also help expand the geography of foreign trade. Exchange trading is especially effective when the market is on the rise, which is exactly the case right now,” said Aleksandr Kazyuchits.

Recognition of Belarusian dairy products has been steadily growing worldwide, Aleksandr Kazyuchits said. For example, some of Olam’s business partners in Southeast Asia have become regular buyers of Belarusian milk powder and whey. “For example, we supply quite large volumes of dairy products to Bangladesh. Some local buyers specifically order milk powder made in Belarus. That means that there is trust in the ‘made in Belarus’ brand, and that customers are ready to pay for it,” Aleksandr Kazyuchits noted.

“In my opinion, Southeast Asia is a very promising market for Belarusian producers, a good addition to the Russian market. The main thing is to ensure regular supplies, strict quality control, proper packaging and optimal logistics. Diversification of export markets will shield Belarusian suppliers aways from fluctuations on the market and help them with a more flexible sales policy,” said Aleksandr Kazyuchits.

The public joint-stock company (OAO) Belarusian Universal Commodity Exchange was established in 2004. The first trade sessions took place in June 2005. BUCE is one of the largest mercantile exchanges in Eastern Europe. Its key function is to assist Belarusian companies with exporting their products and assist foreign companies with entering the Belarusian market. The commodity exchange facilitates trade in metals, timber, agricultural products, and a broad choice of industrial and consumer goods.

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