State Food and Grain Corporation of Ukraine stopped grain export

State Food and Grain Corporation of Ukraine stopped grain export


State Food and Grain Corporation of Ukraine JSC stopped grain export operations.

SFGCU has stopped exporting grain since August this year. This is evidenced by the lack of operations and vessels in ports.

On the roads in Chornomorsk, there is only a vessel connected with the SFGCU, – Orange Harmony, which was loaded at the Transservice-2008 terminal. In early September, the vessel was arrested. They tried to export the grain from the customs territory of Ukraine for a non-resident company that has a debt to the State Food and Grain Corporation for the previously delivered cargo. The approximate cost of a batch of grain is $7 million.

As USM found out, the vessel is currently continuing to load in the roads from barges that arrived from the Mykolaiv port silo, which is a part of the SFGCU structure.

According to the available information, since that time, not a single ship with grain from the State Food and Grain Corporation has been exported. There are also no ships on the way to the ports for the cargo of the corporation.

Earlier, USM reported that the State Food and Grain Corporation of Ukraine JSC lost UAH 1 billion (USD 37.9 million) due to the sale of grain at reduced prices.

Law enforcement authorities found that the previous management of the State Food and Grain Corporation of Ukraine exported crops to non-resident companies at reduced prices. This, in turn, led to losses of the State Corporation in the amount of about UAH 1 billion (USD 37.9 million). The “scheme” was implemented from November 2020 to August 2021.

It is noted that the cost of the goods was underestimated, and with a significant delay in payment.

Among the actions of its former management, the corporation also noted the complete halt of the forward grain purchase program for the period from November 2020 to September 2021, as well as the low load of its own silos – 10% of their total capacity.

Recall that the High Anti-Corruption Court acquitted the former Head of the SFGCU Valeriy Tomilenko, who was accused of embezzling UAH 88 million (USD 3.3 million).

Read also: The Ministry of Finance will repay almost UAH 24 billion of the debt of the State Food and Grain Corporation of Ukraine