Belarus' Architecture and Construction Ministry is in favor of exporting more cement via the country's commodity exchange, according to Deputy Architecture and Construction Minister, Alexander Sidorov.  

"We’ve previously agreed that we are going to sell 10 per cent of the total amount of cement exported by Belarusian cement mills via the commodity exchange. If the demand of foreign buyers rises, we are ready to raise the share of cement exported via the exchange. It is the official view of the ministry," said Alexander Sidorov at the exchange committee on cement in the headquarters of the Belarusian Universal Commodity Exchange (BUCE). 

Vladimir Kiselev, director general of Belarusian Cement Company, noted the benefits of the commodity exchange. "Cement is a seasonal product. Demand for cement drops considerably in winter, bringing down prices. This is why exchange trade offers a way to get additional profits thanks to competition among buyers and a way to diversify target markets," said Mr Kiselev. 

Participants of the exchange committee on cement also looked at the possibility of more actively placing bids for selling cement in the direction of Lithuania, Latvia, Poland and Ukraine.  

In September-December 2018 the BUCE helped export 24,400t of cement worth a total of USD1.2m.