Cbank sees trade on Russia’s commodity market at 1 tln rbl in 2018

MOSCOW, Oct 12 (PRIME) -- The combined amount of trade on Russia’s commodity market may rise to nearly 1 trillion rubles in 2018 from 870.78 billion rubles in 2017, the central bank said in a statement on Friday.

“The combined amount of trade on the commodity market grew by 12% in 2017, or by more than 137 billion rubles as compared with the figure of 2016. It is forecasted that the tendency will remain, and the trade will get close to 1 trillion rubles per year in 2018,” the regulator said.

The oil product market is the leader in commodity trade, where the amount of deals rose by 22% on the year in 2017 in monetary terms, or the limit. The market can grow now only if trade in new commodities and in derivative products is launched, the central bank said.

The amount of exchange trade in natural gas rose 30% on the year to 60.5 billion rubles in 2017, and trade in precious metals fell 1.6% to 121.8 billion rubles.

(66.7727 rubles – U.S. $1)

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