BAKU, Azerbaijan, June 15
By Klavdiya Romakayeva - Trend:
Goods worth 1.822 billion soums ($171,681) were sold on all trading platforms of the Uzbek Republican Commodity Exchange (UZEX) for the period from June 7 to 13, which is 1.6 percent more than last week, Trend reports referring to UZEX.
According to UZEX, the total volume of transactions involving small businesses and private entrepreneurship amounted to 716 billion soums ($67 million). As a result of electronic auctions for public procurement, the total savings of budgetary and corporate customers amounted to 33.9 billion soums ($3.2 million).
It is reported that during the reporting period commodity resources worth 1.522 billion soums ($143,413) were sold at open exchange auctions.
Last week 3,739 tons of cottonseed oil were sold through exchange trades, of which 1,741 tons or 46.6 percent were sold. On average, 146 buyers took part in the exchange trades every day.
During the period under review, the starting cost of cottonseed oil decreased by an average of eight percent, from 16,419 soums ($1.55) to 16,075 soums ($151) per ton, or by 2.1 percent. At the end of the week, the weekly quotation of the first grade of cottonseed oil amounted to 18,213 soums ($1.72) per ton.
Last week an insignificant decrease in prices was recorded in the prices for sugar. During the past week, 10,410 tons of sugar were put up for sale, of which the entire volume was sold – 100 percent.
During the period under review, the daily average price for sugar of all categories increased by 0.7 percent, from 7,399 soums ($0.7) to 7,455 soums ($0.7041) per ton.
As a result of exchange trading, the weekly weighted average price for local sugar of the third category amounted to 7,440 soums ($0.7027) per ton.
It is reported that prices for cement in the Uzbek exchange market continue to decline despite the growth in demand.
During the past week, 255,267 tons of cement were put up for exchange trades, of which 180,139 tons, or 70.6 percent, were sold. The daily volume of cement sales averaged 36,000 tons.
During the period under review, the daily average price for cement of all categories decreased from 556,000 soums ($52.3) to 540,900 soums ($50.97), or only by four percent.
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