Business news from Ukraine

Business news from Ukraine

Ukraine and Egypt are considering implementation of joint logistics projects in agro-industrial complex

12 February , 2023  

Ukraine and Egypt are considering the realization of joint logistics projects in agriculture, in particular the creation of a logistics hub in Egypt for supplying Ukrainian grain.
As reported on the website of the Ministry of Agrarian Policy and Food, the relevant agreements were reached during the meeting between the head of the Ministry Nicholas Solsky and Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt to Ukraine Ayman Ahmed Mukhtar Elgammal.
“They paid special attention to the detailed discussion of the possibility of expanding trade relations between Ukraine and Egypt and deepening cooperation in the agricultural sector. Mr. Ayman Ahmed Mukhtar Elgammal expressed Egypt’s interest in the implementation of joint agricultural logistics projects. We are talking, in particular, about the creation of a logistics hub for grain supplies. Mykola Solskyy noted that Ukraine will consider Egypt’s proposal,” – was stated in the report of the Ministry of Agrarian Policy.
Also during the meeting, the parties discussed the implementation of the humanitarian initiative Grain from Ukraine and Ukraine’s role in ensuring food security of the world.
As reported, a similar desire to build hubs for the importation of Ukrainian agricultural products expressed Senegal, Nigeria and Ghana during the visit of delegations of the Ministry of Agrarian Policy to African countries in January 2023.
The State Agency for Food Purchasing of Egypt (GASC) purchased 60 thousand tons of corn of Ukrainian origin on February 6. The agricultural products were purchased from the operator Egyptian African Co in two batches of 30,000 tons each at a price of $323/ton.

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