Ukrainian First Vice-Prime Minister Stepan Kubiv said that Olam, global agri-business company, plans to construct a grain-handling terminal in Ukraine, which will nearly double its grain exports over the next five years.
Olam International Ltd. plans to invest funds in the construction of a grain terminal in one of the Ukrainian ports, reported UkrAgroConsult. According to the Kiev-based agricultural market site, “Ukraine attracts investors, such as Olam International, a transnational corporation. Once, Olam purchased the Bilotserkivsky elevator and will soon invest millions in the construction of a grain terminal in one of the Ukrainian ports.” said First Vice-Prime Minister Stepan Kubiv.
Grain market participants are strongly interested in developing grain handling facilities in large ports and building their own logistic chains. From this viewpoint, Ukrainian grain handling segment is considered to be the most investment attractive and promising for investing. Presently investors have announced 9 projects for construction of specialized grain-handling terminals in Ukrainian seaports, UkrAgroConsult cited. If they implement these projects before 2020 Ukrainian seaports will be able to handle more than 70 MMT of grain for exports. Ukraine will nearly double its grain exports over the next five years, hitting 70 million tons of grain in 2022, predicts Mykola Gorbachov, president of the Ukrainian Grain Association.With the world’s population expected to expand by 100 million people a year through 2030, Ukraine increasingly will be valued as a world food power.