Ukraine: in 2014, SFGCU purchased corn from Noble Resources Ukraine to fulfill the contract with China

Ukraine: in 2014, SFGCU purchased corn from Noble Resources Ukraine to fulfill the contract with China

Ukraine: in 2014, SFGCU purchased corn from Noble Resources Ukraine to fulfill the contract with China

The FINANCIAL -- In December 2014, PJSC State Food and Grain Corporation of Ukraine carried out purchasing of corn volumes from the company Noble Resources Ukraine to fulfill the contract with the Chinese corporation ССЕС, declared Borys Prykhodko, Acting Chairman of the Board of State Food and Grain Corporation of Ukraine, on May 28, during his report at the conference "Grain Forum & Maritime days in Odessa -2015".

In mid-December 2014 (deadline for corn delivery to China), SFGCU stored nearly 450 thsd tonnes of corn at the inland elevators. Therefore, in order to avoid default, the Corporation purchased three vessels with corn "on the float", informed B.Prykhodko.

According to him, it was not allowed to realize blowout of the contract for corn supplies from Ukraine at the Chinese quotas with payment of the preferential duties of 1%.