For the first time Mykolaiv grain terminal imported 41,000 tons of grain to South Korea.
Posco International imported 68,000 metric tons of feed wheat from Ukraine, for the first time in South Korea, a move to secure a stable grain supply system for the nation.
Of the total, 41,000 tons were imported through the Ukrainian grain terminal invested in by the trading company.
The imports were made in partnership with Nonghyup Feed, the largest feed grain importer in Korea.
This shipment was the first import of feed grain from a overseas grain export terminal that was invested in by a Korean company.
With the initial supply of feed wheat, the company said it plans to build a stable national grain procurement system using its own terminal.
Early last year, Posco International signed a deal with Orexim Group, a Ukrainian company, to acquire a 75 percent stake in a grain export terminal in the Ukrainian Black Sea port of Mykolaiv. The terminal was completed in September last year. The terminal is capable of shipping 2.5 million tons of grain annually.
Nonghyup Feed CEO Ahn Byeong-woo said, “The import of feed wheat through cooperation with Posco International is significant in that Nonghyup Feed has contributed to food security and enhanced the actual benefits of livestock farmers through the stable introduction of competitive raw materials.”
The firm is strengthening its presence in the global market by selling grains such as corn and wheat to the European Union, the Middle East, North Africa and Asia, and is making Ukraine a key hub for grain trading.
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