Belarus sells wood to Japan through a commodity exchange

MINSK, Sept. 17 (BelTA) – One of the largest suppliers of wood products to the Japanese market, Shimizu Lumber, plans to buy lumber on the Belarusian Universal Commodity Exchange (BUCE), BelTA learned from the BUCE press service.

The company has already completed the registration of the documents and is the first Japanese resident to be accredited with the BUCE. This has expanded the geography of stock trading to 68 countries.

Shimizu Lumber is engaged in timber harvesting and processing, the import and export of wood products, manufacturing building materials and furniture, and providing transport and logistics services. The company views entering the Belarusian market as an opportunity to diversify its sources of processed wood products, especially softwood lumber, which is in high demand in Japan.

“Japan, like many other countries, has fully felt the negative effects of the coronavirus pandemic, but now the country’s economy is actively recovering, including the construction sector. In this context, the demand for wood is currently at a high level and has to be met mainly by imported products, as Japan does not have sufficient reserves of its own wood resources. Our company already purchases significant amounts of wood raw materials and sawn timber from Southeast Asia, North America and Europe. We have never worked with Belarus, but we are sure that we can build long-term fruitful cooperation with the local suppliers. We are counting on the help and support of the commodity exchange, ”said representatives from Shimizu Lumber.

Established in 2004, the Belarusian Universal Commodity Exchange held its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to help Belarusian companies export and foreign companies to enter the Belarusian market. BUCE sells a wide range of metal, forest and agricultural products, industrial and consumer goods.

Shimizu Lumber Co., Ltd. was founded in 1950. The main activity is the production and sale of sawn timber. The company’s headquarters are in Kobe (Honshu Island, Japan). The company also has representative offices in the United States and Canada.

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