Business news from Ukraine

AGRARIAN FUND PLANS TO OCCUPY 30% OF PACKAGED FLOUR MARKET IN UKRAINE

24 June , 2015  

KYIV. June 24 (Interfax-Ukraine) – Public joint-stock company Agrarian Fund will start selling flour in retail chains within the next month and plans to occupy 30% of the Ukrainian packaged flour market in the future, Agrarian Fund Board Chairman Andriy Radchenko said at a press conference in Kyiv on Tuesday.

“If we speak about the volume, we’re ready to sell around 10% of our monthly volume in retail chains. Agrarian Fund sells up to 40,000 tonnes [of flour] a month, so this is around 4,000 tonnes,” he said.

Radchenko said the Agrarian Fund plans to start selling flour in retail chains in Kyiv and then expand into regional retail chains. In the future, Agrarian Fund will also start selling packaged sugar and buckwheat.

The Agrarian Fund product could also be extended with cereals.