Eurasian Commodity Exchanges Agree on Price Indicator Recognition

Tashkent, Uzbekistan (UzDaily.com) — Commodity exchanges from Belarus, Kazakhstan, Russia, and Uzbekistan have signed an agreement on the mutual recognition and dissemination of exchange price indicators.

The document was signed on March 19, 2026, in Moscow by Belarusian Universal Commodity Exchange, Eurasian Trading System Commodity Exchange, Saint Petersburg Exchange, and Uzbek Republican Commodity Exchange.

The signing took place on the sidelines of the 10th International Forum “Exchange Commodity Market,” organized by the Saint Petersburg Exchange, marking an important step toward creating an international system of indicators (ISI) for commodity markets.

The agreement defines mechanisms for the mutual recognition of national price indicators, the criteria they must meet, and the methodology for their calculation to be included in the ISI. It also establishes procedures for cooperation among participating exchanges in disseminating approved indicators.

According to the Belarusian Universal Commodity Exchange, it has been developing a national system of price indicators for nearly two years. In 2024, a methodology for calculating indices based on exchange transactions was introduced, and since February 2025, following coordination with sectoral ministries and the National Statistical Committee, these indices have been published monthly in open access.

In February 2026, the exchange expanded its index range to include indicators based on over-the-counter transactions.

The exchange’s website features both aggregate and individual indices across key commodity groups. On the domestic market, these include ferrous metals and related products, round timber, and oilseed meals. On external markets, key indicators cover sawn timber, powdered milk, butter, casein, and rapeseed oil.