Business news from Ukraine

Business news from Ukraine

STATE FOOD-GRAIN CORPORATION INCREASES FLOUR MILLING BY 43% IN 2015/16 AGRI-YEAR

30 September , 2015  

KYIV. Sept 30 (Interfax-Ukraine) – Public joint-stock company State Food-Grain Corporation, since the beginning of the 2015/16 agricultural year (July 2015-June 2016), has increased grain processing and produced 35,000 tonnes of flour, which is 15,000 tonnes or 43% up year-over-year, the press service of the corporation reported, referring to Head of the Processing Department of the corporation Viacheslav Tsehelnyk.

Tsehelnyk said that the corporation is actively cooperating with famous bread producers, including Kyivkhlib, Formula Smaku, Odesa Karavai, and others.

He said that loading of processing enterprises of the corporation cut the production cost of finished products and increased wages for employees.

In the previous years the corporation worked with Ukrainian companies via intermediaries.

In August 2010, the government 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 around 2.5 million tonnes of grain cargo per year.