Moscow Stock Exchange announced the beginning of the exchange trades raw cotton supplied from the Republic of Uzbekistan.
As requested by the Deputy Prime Minister, SB Ivanov for the number of SR-P2-4456 dated July 1, 2011. and in the framework of the implementation of the protocol of the 13th meeting of the Intergovernmental Commission on Economic Cooperation between Russian Federation and the Republic of Uzbekistan, JSC "Moscow Stock Exchange" in conjunction with the Russian cotton community starts exchange trade of raw cotton.
Project on stock trading raw cotton is held under the supervision of the Ministry of Economic Development and Ministry of Industry and Trade of Russia.
Formation exchange trading raw cotton is necessary for solution of such problems as:
1. The expansion of direct deliveries to the Russian Federation of cotton from Uzbekistan - a major producer of cotton in Central Asia.
2. Optimizing the supply chain of cotton from Uzbekistan to Russia.
3. Lower transport costs, the costs of transactions, expense accounts.
4. Receiving information about the movement of goods and the formation of market prices for their products.
5. Additional features of market regulation of raw cotton for regulators.
Exchange trade raw cotton will create conditions to support the textile industry in Russian Federation.
Also, in the future, bidders will be offered a wide range of yarn demand in our market.
As part of the project to stock trading raw cotton MSE plans to output to stock market vendors from Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan.
MSE Press Office
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