OREANDA-NEWS. December 17, 2012. OJSC Belarusian Universal Commodity Exchange (BUCE) has announced a plan to start trading in futures on farm products and saw timber in 2013, a BUCE official told reporters.

The BUCE started trading in commodity futures on November 16, 2012, the first commodity being hot rolled steel.

Belarusian Universal Commodity Exchange OJSC was registered by Minsk City administration on May 25 2004. Its founders are the Belarusian Material Resources Concern, national company Beltorginfoservis, Savings Bank Belarusbank OJSC, Beleximgarant export-import insurer.

The state holds a 98% stake in the UCE statutory capital.

The list of commodities that can be traded at the mercantile exchange includes timber, farm products, industrial and consumer goods.

Belarus’ Universal Commodity Exchange in March 2011 became a full member of the Association of Future Markets (AFM).