Trading in vegetables planned at Belarusian Universal Commodity Exchange
Regular trading in fruits and vegetables for the domestic market needs through reverse auction is expected to start until late October – as informed by BUCE
Retail chains will act as buyers, while sellers will be represented by farmers and large agricultural enterprises. Trading sessions will take place weekly, upon buyer requests. As expected, the exchange mechanism will make it possible to cut prices for consumers.
“From a technical point of view, the exchange is fully ready to trade fruits and vegetables on a regular basis. We plan to start with vegetables: potatoes, carrots, cabbage and beets. These items are already included in our e-catalogue and applications can be prepared. Our key task now is to attract participants to our auctions and train them. For this purpose, training seminars for potential sellers will be organised on October 4th-15th, with assistance of regional executive committees. About 120 leading Belarusian farms are expected to take part. In addition, traders and buyers will be taught and the first trading session will take place until late October,” the BUCE press service has reported.
