Ukraine reports progress in grain sector cooperation with China

16.01.2017

Cooperation in the grain sector between Ukraine and China has yielded positive results in recent years, the Ukrainian Agriculture Ministry said in a statement Wednesday.    Between 2013 and 2016, the State Food and Grain Corporation (SFGC) of Ukraine, the country's grainmarket operator, exported some 3.357 million tons of grain to China National Complete Engineering Corporation (CCEC), the statement said.   

The two companies have already prepared a plan for graintrade in 2017 and developed a forward deal for planting winter crops, it said.    Besides, Ukraine's grainmarket operator plans to purchase a total of 3,000 railroad cars for graintransportation by 2020 using a Chinese loan, the ministry said.   

Last year, the SFGC said it was in talks with the CCEC over a possible investment in the framework of the privatization program.    The Ukrainian government has decided to privatize the state grainmarket operator, which owns about 10 percent of the country's certified grainstorage capacities, to boost its effectiveness.    This year, Ukraine plans to launch a cargo train to China via the rail-sea Trans-Caspian International Transport Route, which is expected to boost agriculture trade between the two countries.  


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