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BUCE, Brazilian embassy identify key areas of cooperation
MINSK, 10 July (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) and the Embassy of Brazil in Belarus have identified key areas of cooperation, BelTA learned from the BUCE press service.
BUCE and the Brazilian embassy in Belarus intend to work together to promote exchange trading, expand the range of commodities traded on the exchange, establish cooperation between commodity exchanges, and strengthen business ties. The agreement was reached following a visit to BUCE headquarters by Ambassador Extraordinary and Plenipotentiary of Brazil to Belarus Julio Cesar Fontes Laranjeira.
According to the Brazilian diplomat, one of the embassy’s key responsibilities is to promote trade and economic relations with Belarus. In this regard, cooperation with the exchange, which serves as a platform bringing together a broad range of Belarusian businesses, will become an important step in advancing the economic interests of both countries. “Potash fertilizers account for the largest share of trade between our countries. However, Brazil and Belarus have many other goods they could supply to each other, even under sanctions restrictions. That is why I am interested in the Belarusian commodity exchange. I believe this mechanism can be used effectively to diversify exports and imports between Brazil and Belarus. This is a priority for our embassy,” he said.
Chairman of the Board of BUCE Aleksandr Osmolovsky reaffirmed the exchange’s readiness to join efforts with the Embassy of Brazil in this area and outlined other promising avenues for cooperation. “BUCE is certainly ready to serve as a link between Belarusian and Brazilian companies, especially since there are many areas of mutual interest. For example, Brazil could supply coffee, cocoa, soybeans, nuts and fruit through the exchange, and Belarus could export dried milk, rapeseed oil, amino acids and flax fiber. In addition, we would like to establish partnership relations with a Brazilian commodity exchange to exchange expertise, technologies and pricing data, as well as organize systematic outreach to Brazil’s business community about the opportunities offered by exchange trading. Support from the embassy in addressing these issues would provide a strong impetus for Belarusian-Brazilian cooperation in exchange trade,” he said.
As of 10 July 2026, only one Brazilian company is accredited at BUCE. It imports and distributes chemical and petrochemical goods but has not yet concluded any transactions through the exchange.
The Belarusian Universal Commodity Exchange was established in 2004; its first trading session was held in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to help Belarusian enterprises export products and assist foreign companies in entering the Belarusian market. The exchange trades metals, timber, agricultural products, industrial and consumer goods.
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