19 Apr 2010 14:59

UGC coordinating grain shipments to Bangladesh, sending fodder grain to Mongolia

MOSCOW. April 19 (Interfax) - United Grain Company, or UGC, will soon complete coordination of parameters for shipping grain to Bangladesh and will begin sending humanitarian-aid fodder grain to Mongolia this week.

"Coordination continues with the Bangladeshi side of a grain-shipment agreement, and a volume of 300,000 tonnes and a price have been tentatively approved," UGC chief Sergei Levin told reporters on Monday. Levin did not specify that preliminary price, but it has been otherwise reported at $217 per tonne.

The coordination of the deal's parameters are planned for completion soon, Levin said.

Regarding grain-product shipments to Nicaragua, Levin said that country initially wanted 100,000 tonnes of flour. Now the issue is a combined shipment of flour and grain as humanitarian aid. "As soon as the final parameters for shipment are coordinated and a government resolution is issued, UGC will begin exporting," he said.

And UGC will begin sending wheat and barley to Mongolia this week as humanitarian aid. This grain will be sent from the Siberian federal district to help livestock in Mongolia affected by severe freezing weather this winter. Plans call for 56,800 tonnes of grain to be sent to Mongolia, and the shipments should be completed in mid-June.

There was a meeting on Saturday between Deputy Russian Agriculture Minister Sergei Korolev and representatives from the management of Egypt's General Authority for Supply Commodities (GASC), the state agency for grain purchases, at which were discussed the outcomes of Russian-Egyptian trade in agricultural products, including grain, and the prospects for further bilateral trade, Levin said. Egypt is one of Russia's biggest clients for grain.

The GASC representatives confirmed that "Egypt will buy more grain ships able to carry 60,000 tonnes," Levin said. "But the main part of the talks concerned the harmonization of Egyptian and Russian control services' requirements for grain quality," he said.