China started buying Belarusian butter on stock exchange

The first 23 tonnes of butter produced in Belarus have been sold to China through the Belarusian Universal Commodity Exchange. The buyer was a Chinese importer of dairy products with its head office in Qingdao (Shandong Province). Earlier, this company already purchased powdered milk and whey powder at BUCE auctions and, taking into account the successful experience of using the Belarusian exchange platform, decided to expand the range of imports.

“This year, the pronounced transition to multi-commodity has become the key trend in the exchange trade of Belarus and China. For example, a year ago, almost the entire volume of exchange trade with China was provided by exports of Belarusian lumber, but the structure of transactions has become more diversified by now. In particular, the share of agricultural products is gradually increasing, mainly due to the sale of domestic dairy products to China. In turn, Chinese manufacturers have begun to actively supply not only ferrous metal products to Belarus, but also various components and spare parts for industrial equipment and electrical engineering. All this indicates an increase in the interest of Chinese business in the Belarusian stock market, which has a positive effect on the dynamics of mutual trade. As a proof, following the results of ten months, the amount of exchange transactions between Chinese and Belarusian companies increased 2-fold,” BUCE spokesman Roman Yaniv said.

According to BUCE, the share of the Chinese market in the total volume of exchange exports makes 11 percent, which puts China in second place in this indicator. Russia ranks first (61 percent) and Azerbaijan is third (8 percent).