Ukraine. State food and grain corporation to boost grain transshipment twofold at ports


In 2013/2014 marketing year, the State Food and Grain Corporation of Ukraine intends to boost the volumes of grain transshipment via own port terminals twofold against the previous year to 2.2 million tons.

The corporation informs about this on its website, Ukrinform reports.

“Since the beginning of the new marketing season as of August 6, the corporation's Odesa and Mykolaiv port terminals transshipped 184,300 tons of grain thanks to fulfillment of export contracts, which is almost fourfold up against the same period of the previous marketing year,” the corporation notes.

At the same time, according to corporation's CEO Robert Brovdi, over the first month of the current marketing year, 601,200 tons of grain of the new yield came to procurement affiliated branches of the corporation, which is 7% up against July of 2012/2013 marketing year.

As reported, the corporation expects to accept for storage about 3 million tons of grain in 2013/2014 MY, which is 66.7% up against the previous MY.

To remind, last year, the concern and the China Export-Import Bank agreed to issue a credit to the amount of USD 1.5 billion to the Ukrainian corporation, which was planned to be sent to forward and spot purchases of 4 million tons grain for their further supply to China. The company received the first tranche at the beginning of 2013.