The Altay territory and United Grain Company will cooperate to ensure agri-food export to APR countries.
UGC media service informs about the mutual co-operation agreement signed on 25 December between the Governor of the Altay territory Alexander Karlin and UGC CEO Mikhail Kiyko.
“One of the strategic projects within UGC long-term development programme, is the construction of a special-purpose grain terminal in Zarubino Big Port in the Khasansky district of the Primorye territory”, said Mr. Kiyko at the ceremony devoted to the agreement conclusion.
He also reminded that the project is implemented by UGC subsidiary – Far East Grain Terminal. The transhipment capacity of the terminal within the start-up package will amount to 3m tonnes of grain annually; the capacity could be further increased by 10m tonnes of grain.
“This agreement is very important for the Altay territory. The region is not only the producer, but also the depository of the interventional fund – about 200k tonnes are stored in 20 regional facilities. Besides, the region’s factories are the major grain processors in the country. We produce 1.2m tonnes of flour annually. We are interested in grain and flour export”, said Mr. Karlin.
The concluded agreement will enable to launch the alternative export channel for the Far Eastern grain belt regions, which include Urals (Tyumen and Kurgan regions), Siberia (Altay and Krasnoyarsk territories, Novosibirsk and Omsk regions), as well as the regions of the Far East.
“This is a corridor, which will help us to enter APR countries with the market capacity exceeding 70m tonnes of grain”, as quoted in the article.