Business news from Ukraine

STATE FOOD-GRAIN CORPORATION STUDYING PURCHASE OF OWN LAND BANK

5 December , 2016  

KYIV. Dec 5 (Interfax-Ukraine) – Public joint-stock company State Food-Grain Corporation of Ukraine can start planting crops to increase its profits.

“Our goal is to earn. We see that the land bank gives us this chance of earning more,” acting Board Chairman Oleksandr Hryhorovych said at a press conference in Kyiv on Thursday.

He said that now only one elevator in the corporation’s ownership has a land bank. This enterprise posts the best results in profits at the corporation.

Now the corporation leases around 6,000 ha of land.

“We have only initiated the idea. We are waiting for feedbacks,” he said.