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Commodity exchange inks contracts worth $56 mn

30 Oct '07
1 min read

Last week a total of 26 contracts were registered by state commodity and raw materials exchange of Turkmenistan.

Major portion of the contract estimating US $56,054 million came from Turkmenistan's petrochemical products. Businessmen from UAE purchased low sulfur fuel oil, while Russian traders purchased polypropylene, pumps with spare parts but without electric motors as well as mattress, cotton and men's socks.

Afghan entrepreneurs bought diesel fuel produced at Seyydi oil refinery. Furthermore, buyers from Iran purchased a variety of cotton lint. Afghanistan and Turkey also caught hold of big cattle pelts and cotton yarn.

An over all cost of contracts concluded exceeded Manat 13,923 billion and Kyrgyz, Indian, Azerbaijani, Cypriote, Hungarian, and Pakistani dealers bought cotton yarn, grey fabric and sewing cotton.

The total domestic consumption of Turkmenistan on the other hand, exceeded Manat 390,600 million as local businessmen opted for a stock-up of cotton yarn and weaving production.

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