Talks on the supply of Ukrainian corn to China next year are at the final stage, the press service of the Agricultural Policy and Food Ministry of Ukraine has reported.

“We’ve actually agreed all of the requirements for corn supplies to China. In the near term an agreement on biosecurity requirements will be agreed and signed, and it will allow the supply of corn to China,” the press service said, citing Agricultural Policy and Food Minister Mykola Prysiazhniuk.

He said that Ukraine has sent an application to China to grant corn quotas to Ukrainian companies next year.

“The Agricultural Policy and Food Ministry has sent an application to the Ministry of Commerce of China asking for it to give us quotas for the supply of corn next year,” he added.

He also said that Ukraine plans to supply soybeans and rapeseed to the Chinese market.

The ministry’s press service said that on October 17-20, 2012 a working trip of a Ukrainian delegation to China took place.

“During bilateral meetings a protocol on quality indicators for the Ukrainian corn that will be supplied to China was agreed. In addition, a mechanism for cooperation in the certification of Chinese companies that produce chemicals and medicines was discussed,” reads the report.

As reported, referring to Prysiazhniuk, Ukraine plans to annually ship around three million tonnes of corn to China as a part of the payment of a $3 million loan issued by Export-Import Bank of China.

The Ukrainian government agreed to a proposal of the Agricultural Policy and Food Ministry to attract a $3 billion government-secured loan from Export-Import Bank of China by public joint-stock company State Food-Grain Corporation. This is stipulated in cabinet resolution No. 857 of August 13, 2012.

Source: Interfax Oct 2012

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