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Turkmenistan's commodity exchange witnesses sales surge

Turkmenistan Materials 5 March 2024 13:51 (UTC +04:00)
Aman Bakiyev
Aman Bakiyev
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ASHGABAT, Turkmenistan, March 5. Turkmenistan held auctions on its State Commodity and Raw Material Exchange last week, where it auctioned raw materials worth over $15.3 million, Trend reports.

According to the exchange, this is roughly 10.8 percent higher than the previous reporting period, when the cost of raw materials sold was $13.8 million.

Business representatives from Türkiye, the UAE, Afghanistan, and Uzbekistan paid foreign money for liquefied natural gas (LNG) and polypropylene produced by Turkmenistan's Turkmennebit State Concern firms.

Furthermore, local Turkmen entrepreneurs spent around 9.03 million Turkmen manat ($2.58 million) on polypropylene, kerosene, and petroleum bitumen produced by the Turkmennebit State Concern, as well as glass containers and handmade carpets for the domestic market.

Last week's State Commodity and Raw Materials Exchange auctions resulted in 23 deals.

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