Business news from Ukraine

Business news from Ukraine

FOOD AND GRAIN CORPORATION SHIPS FIRST BATCH OF FLOUR BY SEA

11 May , 2016  

KYIV. May 11 (Interfax-Ukraine) – PJSC State Food and Grain Corporation of Ukraine has fulfilled a contract for the supply of 5,000 tonnes of flour by sea to Libya, according to the company’s website.

“Such an agreement for the state-owned corporation is a new experience in sales of flour in vessel shipments. We are the only company that signed a contract in this marketing year,” reads the report citing head of the processing department Viacheslav Tsehelnyk.

According to him, the corporation plans to continue expanding the geography of flour exports in vessel shipments.

The corporation will continue implementing plans for processing and intends to rank first in flour exports from Ukraine.

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