June 20, 2013
China buys grain from Ukrainian firm
A Chinese state company has entered into a deal of purchasing grain from Ukraine's state-run grain corporation for export to clients in China, the Middle East and markets further afield.
Ihor Yakubovych, head of the state grain and food corporation (GPZKU), said the first shipment under the deal with China was for 75,000 tonnes of wheat to Egypt and Syria and it planned an additional shipment of 25,000 tonnes to a Mediterranean destination.
Under a deal agreed last year with China, GPZKU obtained a US$1.5 billion loan to finance improvements to the former Soviet republic's agriculture.
