Senegal Initiates Dairy Trade with Belarus via Commodity Exchange
Source: dairynews.today
The Belarusian Universal Commodity Exchange (BUCE) has facilitated the first export of Belarusian dairy products to Senegal, marking a significant step in Belarus-Senegal trade relations.
The Belarusian Universal Commodity Exchange (BUCE) has registered its inaugural transaction involving the export of dairy products to Senegal, according to the BUCE press service. This exchange included the shipment of 125 tonnes of whole milk powder by a major milk processing company based in Grodno Oblast. The buyer was a Senegalese food importer headquartered in Dakar.
This transaction was made possible through BUCE's address mechanism, implemented since August 2024, which offers simplified accreditation for non-residents, reduced exchange fees, and the facilitation of contracts with pre-selected Belarusian suppliers. In the previous year, companies from 24 different nations imported Belarusian dairy products through the BUCE.
In the first quarter of 2025, imports were already recorded from 22 countries. Despite a decrease in pricing quotations, transaction values have risen by 20% to $139.4 million compared to the same period in 2024.
Belarusian dairy producers find particular interest in Senegal due to its robust demand for milk powder and its potential as a distribution gateway into other West African markets. Additionally, March 2025 saw the first purchase of milk powder via BUCE by a Bulgarian company, totaling 50 tonnes.
This transaction was made possible through BUCE's address mechanism, implemented since August 2024, which offers simplified accreditation for non-residents, reduced exchange fees, and the facilitation of contracts with pre-selected Belarusian suppliers. In the previous year, companies from 24 different nations imported Belarusian dairy products through the BUCE.
In the first quarter of 2025, imports were already recorded from 22 countries. Despite a decrease in pricing quotations, transaction values have risen by 20% to $139.4 million compared to the same period in 2024.
Belarusian dairy producers find particular interest in Senegal due to its robust demand for milk powder and its potential as a distribution gateway into other West African markets. Additionally, March 2025 saw the first purchase of milk powder via BUCE by a Bulgarian company, totaling 50 tonnes.
