Business news from Ukraine

Business news from Ukraine

FOOD AND GRAIN CORPORATION DOUBLES FLOUR EXPORTS SINCE EARLY 2015/2016 MY

24 June , 2016  

KYIV. June 24 (Interfax-Ukraine) – PJSC State Food and Grain Corporation of Ukraine over the 11 months of the 2015/2016 marketing year (MY, July-June) exported more than 30,000 tonnes of flour, which is almost twice as much compared to the same period last season.

“According to experts, the corporation ranks second among exporters of wheat flour from Ukraine,” the press service said citing director of the marketing and sales department Viacheslav Tsehelnyk.

According to him, the corporation plans in the 2016/2017 MY to ship about 55,000 tonnes of flour to foreign markets and intends to become a leader in exports of Ukrainian flour.

“We continue to expand the geography of supplies to the Middle East, the CIS and Asia. We should also mention the prospect of further work with the member states of the African continent,” the expert said.

As reported, the corporation plans by 2019 to increase exports of flour by 9 times, to 280,000 tonnes, grains by 1.8 times, to 5.17 million tonnes. In 2015 the corporation exported 32,000 tonnes of flour, in 2016 plans to reach 60,000 tonnes.