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Bread of Ukraine started selling flour to push down bread prices
23.03.2007 12:01 "Agro Perspectiva" (Kyiv) —
As to Viktor Bondarenko, State-owned Joint Stock Company (SJSC) Bread of Ukraine Board Chairman, Company has launched 2004 crop grain flour sales.
«We have already started to sell flour in regions where bread prices are boosting,» declared Bondarenko.
As to him, Company has already sold 1,200 MT rye flour and 3,000 MT wheat flour.
Bondarenko admitted Bread of Ukraine is going to process into flour 47,560 MT 2004 crop food grains (incl. 40,000 MT wheat/6,597 MT rye).
As earlier reported, Ukrainian Government had permitted State-owned Joint Stock Company Bread of Ukraine to process into flour unclaimed mortgage grain (2004 crop), with obtained flour to be sold off at market prices. Bread of Ukraine must direct financial means received from flour sales to grains further purchases, with purchased grains to be processed into flour and sold in order to liquidate within current MY (Jul/06-Jun/07) State budget indebtedness (appeared in 2004 due to Bread of Ukraine mortgage grain operations).
SJSC Bread of Ukraine was created by Cabinet Aug 22, 1996 Decree.
As of now, Bread of Ukraine annual flour processing capacity totals 1.423 mn MT (groats — 76,400 MT, mixed feeds — 848,000 MT); Bread of Ukraine grains storage capacity totals 4.833 mn MT (ports terminals annual transshipment capacity — 2.1 mn MT).
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