STATE FOOD-GRAIN CORPORATION TO SUPPLY UP TO 300,000 TONNES OF GRAIN TO CHINA'S CCEC BY LATE 2017

Business news from the Ukrainian League of Industrialists and Entrepreneurs

STATE FOOD-GRAIN CORPORATION TO SUPPLY UP TO 300,000 TONNES OF GRAIN TO CHINA’S CCEC BY LATE 2017

11 Sep , 2017  

KYIV. Sept 11 (Interfax-Ukraine) – Public joint-stock company State Food-Grain Corporation has arranged the supply of several batches of grain crops in a total amount of up to 300,000 tonnes to China Complete Engineering Corporation (CCEC) by late 2017.
“In the past two months we held several meetings with representatives of China’s CCEC. Today, during the negotiation we discussed the potential of developing trade relations between our companies and the ‘uniqueness’ principles of our partnership. It has been arranged that several batches of grain, corn and wheat in the total amount of up to 300,000 tonnes will be supplied to CCEC by late 2017,” First Deputy Board Chairman of the corporation Vitaliy Shulezhko said.
As reported, China’s CCEC said that after reshuffling of top managers in State Food-Grain Corporation in May 2017 trade operations between the companies were suspended.
“Since May this year, due to some changes in the top managers of State Food-Grain Corporation, as a result of which the trade operations between the parties have almost stopped, the current agreed volumes of grain supplies will be difficult to observe. The new grain harvesting began, and we would urge the State Food-Grain Corporation to start a new seasonal grain trade in the shortest possible time and make every effort to promote the development of bilateral trade,” CCEC President Yang Jing said in a letter sent to the Agrarian Policy and Food Ministry.
In connection with the situation, the Chinese corporation expressed hope that the Agrarian Policy and Food Ministry will help “urging the State Food-Grain Corporation to return to normal business” in order to maximize the annual volume of trade.
The government in August 2010 decided to create the State Food and Grain Corporation of Ukraine. The corporation has a chain of branches, comprised of grain storage facilities, flourmills, fodder factories and a cereals factory. The 53 subdivisions of the corporation can store a total of 3.75 million tonnes of grain, which includes the grain handling capacities of Odesa and Mykolaiv ports of some 2.5 million tonnes of grain cargo per year.