Dynamic and highly beneficial processes for stakeholders are continuing in our country's economy and trading arenas. The Uzbekistan Republican Commodity and Raw Materials Exchange, the country's primary trading platform, has published its latest weekly official report.
According to the report, between May 18 and 24, the exchange's trading systems across all sectors processed a total of 54,404 contracts. This figure represents a sharp 22.1% increase compared to the previous week. Most encouragingly, due to high supply volumes, there was a notable decline in the prices of essential products used in daily life and construction.
We have analyzed the latest changes on the exchange, the products that have become cheaper, and the details of the savings achieved.
Budget funds saved, premium numbers find their owners
The electronic trading conducted proved highly effective not only for entrepreneurs but also for the public procurement system.
Significant funds saved: Thanks to transparent electronic trading in public procurement, the state budget and major corporate buyers saved nearly UZS 264.4 billion. funds.
Phone number auction: Through online auctions on electronic systems, 158 special and premium phone numbers from telecom operators were sold to their buyers.
While 42.5% of total transactions were conducted through direct open exchange trading, the remaining significant portion was executed via modern e-commerce systems. In open trading alone, 23,100 transactions were signed, with the main activity and momentum observed in the cement and wheat markets.
Good news for the construction season: Cement prices are falling!
In the spring season, when construction and renovation work is in full swing, there is great news for our compatriots building homes. During the week, a record volume of 513,250 tons of cement was put up for sale on the exchange.
By the end of the trading, 178,605 tons (34.8% of the total supply) found buyers. The average daily sales volume on the exchange was 35,721 tons. Most importantly, an average of 83 major buyers participated in daily trading, and as a result of competition, the average daily price per ton of cement dropped from UZS 649,000 to UZS 639,500.
A decline in the wheat market, our daily bread
Buyer activity was also high in the grain market, which is the pride and blessing of the national table. During the week, a total of 38,637 tons of wheat were successfully sold through the exchange platform. The average daily sales volume was 7,727 tons.
Product Name | Price at start of week (1 ton) | Price at end of week (1 ton) | Average daily buyers |
Cement | UZS 649,000 | UZS 639,500 | 83 |
Wheat | UZS 2,970,600 | UZS 2,956,400 | 385 |
An average of 385 entrepreneurs and processors participated in daily grain market trading. According to the data, due to abundant supply, the daily price of wheat continues to decline. While the price per ton was valued at UZS 2,970,600 at the beginning of the week, by the end of the week, this figure decreased to UZS 2,956,400. dropped.
Such stability and price reductions on the exchange serve to keep the prices of flour, bread, and construction materials within normal ranges in the domestic market. We will continue to monitor new successes in open and transparent trading!
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