Ukraine has signed a contract to deliver 3 million tonnes of corn to China during the period July 2012-June 2013, this is according to Nicholai Prisyuzhnik, Minister of Agricultural Policy and Food of Ukraine.
On June 8th, Ukraine’s State Food and Grain Corporation, China’s Exim Bank and the Ministry of Finance signed an agreement on the financing structure of the deal.
"For us, it is important to begin exporting corn to China, as China is the largest importer of this product," Prisyazhnyuk said.
The corn contract will be worth about US$1 billion to Ukraine’s agricultural industry . This year 1 million hectares more of corn was planted than last year.
Currently Ukraine does not export any corn to China.
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