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Belarusian commodity exchange concludes first deal to supply milk powder to Syria

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MINSK, 5 May (BelTA) - The Belarusian Universal Commodity Exchange concluded the first deal to supply milk powder to Syria. The volume of purchase amounted to 100 tonnes, BelTA learned from the BUCE press service.

The seller was one of the major dairy enterprises of Vitebsk Oblast, and the buyer was an importer and distributor of food products from the Syrian province of Idlib that got accredited at the BUCE platform in late April. Thus, another country from the Middle East and North Africa region started to use the exchange platform to trade with Belarusian dairy enterprises.

According to the BUCE press service, in addition to Syria, the pool of Middle Eastern buyers of Belarusian dairy products features such countries as Jordan, Lebanon, the United Arab Emirates, Oman, and Saudi Arabia.

“In January-April 2025 the exchange export of dairy products reached $205 million, which was up by 29% year-on-year. The leader of sales is milk powder accounting for 61% of the total export transactions,” the BUCE press service said. “The top five largest buyers of Belarusian dairy products on the exchange include companies from Russia, Germany, Poland, Kazakhstan and Singapore. Together they provide about 90% of dairy products purchases at the exchange trading.

BUCE continues to diversify its sales markets by attracting importers from new destinations to the exchange's electronic platform. Thus, this year, companies from Indonesia, Myanmar and Senegal came to participate in dairy products auctions at BUCE. As for the Syrian buyer, he was accredited with the assistance of a Belarusian company-exporter.

At the moment, 8,334 non-resident companies from 81 countries have been accredited with BUCE, 389 of them joined exchange trading in 2025.

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