News & Updates

The Program Grain From Ukraine Has Started

by | Nov 22, 2022 | News

First two vessels for the Grain from Ukraine program
Ukraine purchased 50,000 tons of grain for the first two vessels within the framework of the Grain from Ukraine humanitarian program.
For recipients of grain, these are free deliveries. Ukraine starts, and everyone else joins. There will be money and efforts from all countries, but the grain will be Ukrainian. For example, grain for two vessels was purchased at the expense of Ukrainian state funds, for other vessels it will be purchased at the expense of other countries as a result of negotiations and tenders.
The first two vessels will deliver grain to Ethiopia and Somalia. One of the vessels has already left the port, the other should be loaded in December.
The grain from Ukraine initiative
The President of Ukraine announced about Grain from Ukraine, and other countries are joining the initiative. Among them is Germany, which also paid for the freight of the first vessels. The number of vessels will increase every month depending on the needs and logistical capabilities, as well as on how well the Ukrainian energy infrastructure will work.
As reported, the Grain from Ukraine humanitarian program, which will be implemented in partnership with the World Food Program, began operating on November 15.
Within the framework of the program, Ukraine directs part of the harvested wheat, which was sent for export, to purchase for those African countries where there are already problems of hunger. The export grain can be purchased by the states participating in the project; Ukraine will supply it.
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The post The Program Grain From Ukraine Has Started appeared first on Commodity Board Europe GmbH.