Exchange trading between Belarus and Kamchatka began only recently, and transaction volumes remain modest. According to BUCE Chairman of the Board Aleksandr Osmolovsky, the immediate priorities include expanding the pool of Kamchatka-based participants and diversifying the range of goods traded in both directions.
“Kamchatka is a completely new trading region for us. The first deal to supply Belarusian meat products to the area was concluded only in August of this year, so there’s a substantial amount of work ahead, which we will gradually undertake together with the Kamchatka CCI. Our priorities include increasing the number of accredited companies (as of today, we accredited just two) and ensuring positive trade dynamics by introducing new, in-demand product categories to the exchange. For Kamchatka, Belarusian dairy products, compound feed, canned fruit and vegetable goods, and industrial items will be of interest. For Belarus, we expect demand for non-ferrous metals, frozen fish, and fishmeal. We count on the chamber’s support in attracting regional businesses to our electronic platform,” Aleksandr Osmolovsky said.
For his part, Dmitry Korostelev, President of the Kamchatka CCI, highlighted the role of the exchange in simplifying access for local producers to the Belarusian market and beyond. He emphasized that this applies especially to small and medium-sized enterprises, for whom BUCE could serve as an alternative to traditional sales and procurement channels.
“Our organization brings together over a hundred companies from various sectors of Kamchatka’s economy. Most are small and medium-sized businesses, including producers of goods that are in high demand abroad. I’m confident that with the exchange’s support and its digital infrastructure, our entrepreneurs will not only operate effectively in the Belarusian market but also expand their network of international business partners,” he said.
Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.
