Wood exchange trading has firstly been held in Russia

12 deals have been made during the first day of trades for over 48.4 million rubles.

16.Jul.14 9:48 AM
By Mikhail Prygunov
Photo forextechniquebot.com

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Wood exchange trading has firstly been held in Russia

First Russian wood exchange trading has been found at the International Mercantile Exchange in St-Petersburg last Friday. All traders were able to proceed with purchase and sells in “Wood and Materials” section.

This projected has been initiated by the President of Russian Federation in order to organize successful wood exchange trading in the country.

The first trading has taken place in Irkutsk region. 12 deals were made. Total sum of all deals includes 48.4 million rubles. Overall volume of all materials that were sold consists of 28.1 thousand cubic meters of softwoods.

The government of Irkutsk region is sure that such trading will make it possible to create a legal base for wood trading. It will also help to create a reliable mechanism for selling woods. The president of stock exchange Alexey Rybnikov said that this will turn out to be a rather serious step for organizing successful wood trading branch in Russia. He is also sure that it will increase the level of sales on the inner market as well as increase the level of exported woods.

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