The State Commodity and Raw Materials Exchange of Turkmenistan reports that Uzbek businesspeople have made a number of deals with local companies since the beginning of September.
Last week they bought polypropylene from Turkmennebit for a total of $413,200. On Monday, they signed an agreement to buy textile waste from a local company for $29,350.
The State Exchange was established in 1994 as a monopoly regulatory instrument for export-import operations.
Companies and organisations of all forms of ownership, citizens of Turkmenistan and other states can participate in exchange trading by purchasing a brokerage seat or concluding a service agreement with exchange brokers.
Experts told Daryo that prices for strategic types of products at these auctions change daily. Prices are set according to international quotations - for cotton, according to Liverpool Cotton Outlook, and for oil products, according to Platts.
Credits: Eziz Boyarov
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