BAKU, Azerbaijan, October 26. Azerbaijani entrepreneurs concluded deals to purchase cotton yarn from local entrepreneurs at a foreign-market trading session of the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) on October 23, according to the exchange.
On the domestic market, local entrepreneurs concluded deals with the State Association Turkmengallaonumleri to purchase first-grade wheat flour.
According to SCRMET, three deals were concluded during the trading session, amounting to 25.715 million Turkmen manats (approximately $7.34 million) and $381,600.
SCRMET, established in 1994, is the country’s main organized marketplace for trading commodities and one of the key institutions through which Turkmenistan conducts and facilitates foreign trade. The exchange brings together domestic producers, exporters, and foreign buyers through regular trading sessions, where a range of export-oriented goods are offered and transactions are concluded. Its trading portfolio covers petrochemicals, polymers, textiles, cotton products, construction materials, machinery, and chemical goods, among other commodities.
SCRMET also plays an administrative and information role in Turkmenistan’s trade system. In addition to organizing trading sessions and registering export-import contracts, the exchange publishes official quotations based on transactions conducted on the platform. These quotations provide information on the commodities traded, their values, and the markets involved, making SCRMET data a useful indicator of the composition and direction of exchange-based trade.
Through these quotations, SCRMET provides a snapshot of the value and sectoral composition of goods offered to international buyers during each trading session, reflecting shifts in the country’s export offering and highlighting which industries dominate Turkmenistan’s exchange-based trade.
