Monopoly goods to be sold exclusively through the exchange — Cabinet introduces new regulation

The Cabinet of Ministers of Uzbekistan has adopted a resolution “On additional measures to prevent price fluctuations through the introduction of modern exchange mechanisms”. The new regulation will take effect starting July 15, 2025, and will fundamentally change the trade system for several key goods.

Only through the exchange, only by market principles
According to the resolution, the following products produced by monopoly enterprises and companies with 50% or more state share, as well as their affiliated industry firms:

• Chloride and nitric acids;
  
• Sodium cyanide;
  
• Sodium hypochlorite;
  
• Liquid nitrogen, liquid chlorine;
  
• Zinc white;
  
• Ferromolybdenum, basalt, phosphorite, and dolomite flour
  

will now be sold exclusively on the domestic market through the Uzbek Commodity Exchange, based on market rules.

Two-way counter auction: a new trading mechanism
The resolution also approves a separate regulation outlining the procedure for conducting trades through a two-way counter auction.

Under this mechanism:

• Sellers submit offers to sell their products;
  
• Buyers submit purchase bids for the same products;
  
• The auction is held through direct bilateral contracts based on competition.
  

Listing commission and requirements: not every product qualifies
Inclusion of goods in the exchange quotation list and permission for trading is granted through the Exchange’s Listing Commission. Products must meet the following requirements:

• Be traded in wholesale quantities;
  
• Be highly liquid and of stable quality;
  
• Be regularly listed and sold;
  
• Not require pre-inspection;
  
• Have official product compliance documentation.
  

A new stage of price transparency and competition
This resolution aims to integrate state-owned major producers into market mechanisms. The goal is to eliminate sudden price fluctuations, ensure trade transparency, and strengthen the competitive environment. Read 'Zamin' on Telegram!