You're reading: Wisconsin Ag Connection: Ukraine to export millions of tons of grain to China in 2013

 Having received $1.5 billion credit from China, Ukraine plans to export back about 4 million tons of grain in 2013 calendar year. Such are the terms of $3 billion loan agreement between the Export-Import Bank of China and the State Food and Grain Corporation of Ukraine, reports korrespondent.net.

The contract between Ukraine and China, which was signed in July 2012, stipulated the supply of Ukrainian grain during the period of 15 years. The volume of annual grain export to the Asian country will be determined by the supply plan with bringing the absolute delivery volume up to 6 million tons per calendar year, said Robert Brovdi, deputy chairman of the State Food and Grain Corporation of Ukraine. The counterpart on the Asian side is China National Machinery Industry Complete Engineering Corporation.

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