Data on cotton yarn sales at Turkmen State Commodity Exchange for August 2020

Business Materials 9 September 2020 16:38
Data on cotton yarn sales at Turkmen State Commodity Exchange for August 2020

BAKU, Azerbaijan, September 9

By Jeila Aliyeva - Trend:

Turkmenistan sold cotton yarn on its State Commodity and Raw Materials Exchange almost every week of August, Trend reports with reference to the exchange’s data.

During the first week of trading on Turkmenistan’s exchange, cotton yarn was purchased by entrepreneurs from Russia and Kyrgyzstan in foreign currency. Also, cotton yarn was sold for Turkmen manat to entrepreneurs from Canada.

In the second week of August, businessmen from Azerbaijan, Russia, and Kyrgyzstan purchased cotton yarn in foreign currency, while entrepreneurs from Turkey, Kazakhstan, Kyrgyzstan, and Pakistan purchased the same product for manat.

In the third week of August, cotton yarn was also actively sold on the country's exchange for both foreign and national currency. In particular, entrepreneurs from Azerbaijan, Russia, Turkey, Ukraine and Kyrgyzstan purchased it in foreign currency, while businessmen from the UAE, Canada, Kazakhstan and Pakistan purchased it for manat.

As for the last week of August, the cotton yarn was sold to Russia, UAE, Turkey, Azerbaijan and Kyrgyzstan in foreign currency, and Russia, UAE, Pakistan, Kyrgyzstan for Turkmen manat.

The state commodity exchange of Turkmenistan was established on July 29, 1994. It is the most important agency of state regulation of export-import operations.

Follow the author on Twitter: @JeilaAliyeva