Turkmenistan concludes deals on sale of cotton fiber with Turkey, Switzerland

Ashgabat, Turkmenistan, Aug. 18

By Huseyn Hasanov – Trend:

Turkish and Swiss companies purchased cotton fiber at tenders of the State Commodity and Raw Materials Exchange of Turkmenistan, with deals worth $36,884,555 in total having been concluded with them, Trend reports referring to the local Altyn Asyr TV channel.

Buyers from Russia, the UAE, the US, Kyrgyzstan, Georgia and Turkey purchased cotton yarn, flannel and denim, having concluded 19 deals worth $6,308,500 in total and 1 deal in the national currency, the Turkmen manat (TMT), in the amount of 96,600 manats.

Textile products were sold in the amount of more than $6,308 million at stock exchange auctions, according to the report.

Businesses and organizations of all ownership forms, residents of Turkmenistan and other countries can participate in the exchange trading by acquisition of a broker place or signing the service contract with exchange brokers.

Petrochemicals, cotton fiber, local textile and chemical production are the main exports in Turkmenistan. Prices for some products put up for auction change daily and are set according to international quotations; for cotton in accordance with the Liverpool news agency "Cotton Outlook" and for petroleum products in accordance with S&P Global Platts.

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