Commodity and Commodity Market Exchanges in Russia

Stock market of Russia

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2022: Growth in the volume of exchange trading in goods up to 1.5 trillion rubles

The volume of exchange trading in goods in Russia in 2022 increased by 4% compared to 2021 and reached 1.5 trillion rubles. The total number of active bidders and their customers in comparison with the same periods increased by 46%. This was announced at the end of May 2023 by the Central Bank of the Russian Federation.

According to the regulator, the structure of the organized commodity market has undergone minor changes. The lion's share is still occupied by the petroleum products segment - 92%, its volume exceeded 1.4 trillion rubles. In second place is the agricultural market: last year alone, the volume of exchange transactions increased fivefold and reached 71.4 billion rubles. Significant growth was demonstrated by the forest and building materials market: over 4 million cubic meters were sold on the exchange. m of wood worth more than 5.9 billion rubles. At the same time, transactions with natural gas decreased by 15% and amounted to 21.9 billion rubles.

However, market participants retain a request for electronic trading platforms (ETP) services, which allow not only to look for new counterparties, but also to make transactions for the purchase and sale of raw materials and finished products. The Bank of Russia estimated the capacity of the over-the-counter e-commerce market in the B2B segment. The total volume of commercial tenders in 2022 amounted to 9.8 trillion rubles. The analysis shows that data on commercial deals on ETP can also serve as a source of information for calculating commodity indicators.

Therefore, the Bank of Russia creates conditions for their voluntary entry into the organized trading system. The Bank of Russia prepared and sent for interdepartmental discussion conclusions on the assessment of methods for calculating exchange and OTC indices for oil products (gasoline, diesel fuel, jet fuel), OTC indices of sugar and sunflower oil, as well as the exchange index of refined gold, the Central Bank concluded.

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