Ukraine. Agrarian Fund Buys 72,000 Tonnes Of Grain Under Forward Contracts

PJSC Agrarian Fund financed UAH 233 million under the forward program for agricultural producers, purchasing 72,000 tonnes of grain crops.

According to a report on the company’s website on Tuesday, the spring forward program of the company will last as long as applications from producers arrive.

“To date, PJSC Agrarian Fund funded agricultural producers for UAH 233 million by purchasing 72,000 tonnes of grain. Yes, this is not enough compared to previous years, but the forward program has not yet been completed, and contracts will be concluded while applications from agrarians arrive,” acting Head of the Agrarian Fund Bohdan Bunchuk said.

Under the terms of the 2020 forward program, financing is provided in mineral fertilizers and cash. Funds in the financing structure can be up to 50% of the contract amount. The collateral is the grain of the 2020 harvest.

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