JSC “State Food and Grain Corporation of Ukraine” starts the Autumn Program for grain purchase of 2022 harvest. The corporation buys class 3 wheat grain and class 3 barley grain. The minimum delivery lot of goods amounts to 100 tons.
JSC “State Food and Grain Corporation of Ukraine” made changes to the procedure for spot purchases of agricultural goods. Changes were made to prevent the conclusion of contracts under Form 2, which leads to non-refund of VAT. This rule existed at the conclusion of contracts earlier, but was removed by the previous management of the corporation.
JSC “State Food and Grain Corporation of Ukraine” resumed flour production at Bohdanivetskyi Mill. Currently, the corporation has four operating flour mills for the production of wheat flour — Krolevetskyi Mill (Sumy region), Cherniakhivskyi Elevator (Zhytomyr region), Lvivskyi Mill and Ternopilskyi Mill; Kharkivskyi Mill produces rye flour.
Acting Chairman of the Board of SFGCU, Vasyl Kovalenko, who, despite all the reputational risk, agreed to head the corporation, is convinced that the worst-case scenario can still be prevented. He outlined his vision in a conversation with Ukrinform correspondent immediately after the first meeting of the government working group to decide on the fate of the loan and, in fact, the fate of the entire corporation.
The Ministry of Economy of Ukraine has approved a project to restructure amendments to the loan agreement concluded between JSC “State Food and Grain Corporation of Ukraine” and the Export-Import Bank of China.
Despite the difficult situation with the loan of the Chinese Eximbank, it is not a question of default before suppliers and customers of JSC “State Food and Grain Corporation of Ukraine”.