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Weekly review of Turkmenistan's State Commodity and Raw Materials Exchange operations

Economy Materials 3 October 2024 06:36 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, October 3. Export deals totaling more than $23.4 million were concluded at the State Commodity Exchange of Turkmenistan last week, Trend reports.

Turkmennebit State Concern successfully sold $168,000 worth of liquefied gas to Afghanistan, continuing to strengthen trade ties with neighboring states on September 23.

On September 24, Afghanistan purchased TS-1 aviation kerosene from Turkmennebit for $666,750.

The UAE also became a customer of cotton yarn, purchasing the product from Tiz Sowda individual enterprise in two bids totaling $555,500.

The Ministry of Industry and Construction Production of Turkmenistan sold $144,000 worth of Portland cement to Kazakhstan and $216,000 to Afghanistan on September 25.

Furthermore, Turkmennebit sold $129,090 worth of liquefied gas to Uzbekistan.

On September 26, the UAE purchased $3,800 worth of dyed terry cloth from Saglyk.

The exchange saw active trading in the petrochemical and light industrial sectors on September 28.

The UAE purchased aviation kerosene TS-1 from Turkmennebit Concern for a record amount of $19.98 million last week, which indicates a high demand for Turkmen oil products in the international arena.

Türkiye also took part in the trades, purchasing Surya fiber and flannel from Baky Chinar for $1.55 million, confirming activity in the textile industry sector.

Turkmenistan celebrated the 33rd anniversary of its independence on September 27, in connection with which the country's commodity exchange did not accept bids.

The State Commodity Exchange of Turkmenistan, founded on July 29, 1994, plays a key role in regulating export-import operations with goods and strengthening economic ties with foreign partners.

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