Trading volume on Uzbek Commodity Exchange falls
Tashkent, Uzbekistan, Jan. 27
By Demir Azizov- Trend:
The trade turnover of the Uzbek Republican Commodity Exchange (UZEX JSC) decreased by 1.1 percent to 8.8 trillion Uzbek soums in 2015 compared to 8.9 trillion Uzbek soums in 2014, a representative of the exchange told Trend.
Some 6.9 trillion soums worth of goods were sold in 2015 on the stock exchange versus 7 trillion soums in 2014 (a 1.4 percent decrease).
The source said that the positive dynamics of sales was observed in the system of fair trading, the volume of which in comparison with 2014 grew by eight percent to 1.1 trillion soums. The total number of participants of fair trading has increased by 34 percent.
The volume of public procurement through the UZEX JSC increased by 5.6 percent - to 497.1 billion soums, the volume of corporate procurement declined by 1.7 percent to 344.3 billion soums.
"The main innovation of 2015 was the launch of the new trading system for public procurement - "electronic catalog" (catalog.uzex.uz), which greatly simplified the procedure for the acquisition of essential commodities by state-financed organizations," the spokesman said. "Since the beginning of functioning of the system, starting from June to December 2015, transactions worth 46.7 billion soums were concluded in the electronic catalog, and the budgetary savings reached 12 billion soums."
UZEX JSC was formed in April 1994, and currently has 260 trading platforms for exchange and exhibition trades, including ten abroad: in Russia, Latvia, Afghanistan, Pakistan, Kazakhstan and other countries.
Some 3, 000 customers and more than 9, 000 suppliers, 93 percent of which account for small businesses, have been accredited in an e-auction trading system for corporate procurement.
In 2014, the total turnover of the exchange increased by 24.2 percent - to 8.9 trillion soums.