Russia. COFCO cancels negotiations for 25% purchase of KSK grain terminal
Chinese grain trader COFCO has stopped negotiations with Russian DeloPorts for the stake purchase in KSK's deep-water grain terminal in Novorossiysk. The Group of Companies Delo, which owns DeloPorts, does not leave plans to sell this package and is talking to other potential buyers, reports UkrAgroConsult.
COFCO planned to buy 25% minus 1 share of the terminal, the controlling stake of which belongs to Delo Group, another 25% minus two shares – from the US Cargill.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp.com by UkrAgroConsult. We offer 7-days trial! Completely free!
Read also
The Counterparty Is Trying to Avoid Fulfilling the Contract. What Should You Do?
Kazakhstan to export 10.4 mln tons of grain in MY 2025/26
Pea production in Ukraine is growing at the fastest pace among agricultural crops
ADM, PepsiCo and Mars launch regenerative agriculture program in Poland
EU approves Malaysian palm oil certification
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon