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Kazakhstan turns to high-value added manufacturing with building polyethylene plant it Atyrau regionUkraine, Kazakhstan, Russia in talks on coordinated actions on grain market
Ukraine, Russia and Kazakhstan may join together in a so-called grain pool this year to coordinate crop sales, Ukraine's Deputy Economy Minister Valeriy Muntiyan said to Bloomberg, Kazakhstan Today reports.
Almaty. April 18. Kazakhstan Today - Ukraine, Russia and Kazakhstan may join together in a so-called grain pool this year to coordinate crop sales, Ukraine's Deputy Economy Minister Valeriy Muntiyan said to Bloomberg, Kazakhstan Today reports.
Ukraine, Kazakhstan, and Russia are in talks on coordinated actions on the grain market, Ukranian News Agency reported.
Vitalii Lukianenko, press secretary for the Ukrainian prime minister, announced this to the press in Sanya (China).
According to the press secretary, in an interview with the Bloomberg financial information agency in China Prime Minister Mykola Azarov announced that Ukraine, Kazakhstan, and Russia are in talks on creation of a grain pool.
Azarov said the idea is being considered, the talks on the matter are underway. He said the union would be logical and founded.
"Together Ukraine, Russia and Kazakhstan account for close to 30% of the grain export market of the world. Thus, there is no need to compete, there is sense to coordinate our actions to see the situation on the market predictable and controlled," said Azarov.
The prime minister noted that Russia and Kazakhstan helped Ukraine in 2003 with grain supplies when Ukraine had no stock.
"In the frames of the pool we could conclude agreements that if one of the participants in the pool faces deficit of export volumes, the other participant can compensate for the volumes to support stability on the market this way," he said.
The prime minister of Ukraine believes the creation of the grain pool will be a serious stabilizing factor in the context of volumes of supplies and in the context of prices.
As Ukrainian News earlier reported, Ukraine is interested in creation of a common agrarian market among member states of the Commonwealth of Independent States.
In 2007, the Russian Grain Union moved forward with an initiative to create the Black Sea grain pool between Russia, Ukraine, and Kazakhstan with an opportunity for further membership for other countries, including Hungary, Bulgaria, Romania, and Turkey.
In 2009, the Ukrainian Grain Association said the Black Sea grain pool would not benefit Ukraine.
Photo: Ukranian News Agency
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