BAKU, Azerbaijan, October 26. Azerbaijani
entrepreneurs concluded deals to purchase cotton yarn from local
entrepreneurs at a foreign-market trading session of the State
Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) on
October 23, according to the exchange.
On the domestic market, local entrepreneurs concluded deals with
the State Association Turkmengallaonumleri to purchase first-grade
wheat flour.
According to SCRMET, three deals were concluded during the
trading session, amounting to 25.715 million Turkmen manats
(approximately $7.34 million) and $381,600.
SCRMET, established in 1994, is the country’s main organized
marketplace for trading commodities and one of the key institutions
through which Turkmenistan conducts and facilitates foreign trade.
The exchange brings together domestic producers, exporters, and
foreign buyers through regular trading sessions, where a range of
export-oriented goods are offered and transactions are concluded.
Its trading portfolio covers petrochemicals, polymers, textiles,
cotton products, construction materials, machinery, and chemical
goods, among other commodities.
SCRMET also plays an administrative and information role in
Turkmenistan’s trade system. In addition to organizing trading
sessions and registering export-import contracts, the exchange
publishes official quotations based on transactions conducted on
the platform. These quotations provide information on the
commodities traded, their values, and the markets involved, making
SCRMET data a useful indicator of the composition and direction of
exchange-based trade.
Through these quotations, SCRMET provides a snapshot of the
value and sectoral composition of goods offered to international
buyers during each trading session, reflecting shifts in the
country’s export offering and highlighting which industries
dominate Turkmenistan’s exchange-based trade.
