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Exchange trading increased the cost of timber in Primorye
The first exchange trading, which took place in Primorye at the end of last year, increased the cost of timber. For certain positions, they increased by 10-60%.
According to regional authorities, the sale of timber through the electronic exchange will lead to streamlining of exports, transparency of pricing and overcoming the "gray" schemes. According to the press service of the Government of Primorye, Governor Oleg Kozhemyako instructed to prepare proposals for the Russian government to launch a forest exchange throughout the Far East.
Exchange trading in wood took place on the site of the St. Petersburg International Commodity Exchange. Their participants were Russian sellers and buyers from China.