This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

EBRD Supports Ukraine's Membership In Grain Twenty Initiative

KYIV, Ukraine, March 15, 2013 /PRNewswire/ --

The world's largest grain producers should join Grain Twenty initiative ,  proposed by the French Minister of Agriculture Stéphane Le Foll ,  and Ukraine prepares to be a part of it. This was discussed during the meeting between the European Bank for Reconstruction and Development Director for Agribusiness Gilles Mettetal and the Minister of Agrarian Policy and Food of Ukraine Mykola Prysyazhnyuk. Gilles Mettetal expressed support for the initiative to create a Grain Twenty of the world grain producers and Ukraine taking important place in this organization.

In addition to the Grain Twenty initiative the parties also discussed the development of agricultural projects financed by the EBRD in Ukraine. "I am pleased that all the projects that you support in the agricultural sector of Ukraine are successful," said Mykola Prysyazhnyuk. The Ukrainian agriculture minister also commended the expansion of the line of products produced by the businesses, which received loans from the EBRD.

Reportedly, the total volume of EBRD investments in the agricultural business in Ukraine today exceeds USD 1.5 billion. As to further cooperation, the parties agreed to collaborate in the production of grain, poultry and machine-building. The participants also discussed the implementation of joint projects in sugar refining, agricultural leasing, as well as animal husbandry with an emphasis on dairy cattle breeding.

Presently, Ukraine is one of the world's top grain exporters as it takes some of the leading positions on global markets of wheat, barley, and corn. Currently, Ukraine has a 12.9 percent share of the global corn market, 18.5 percent share - on the world barley market, and a 4.5 percent share on the wheat market. Additionally, the Eastern European country is the fourth largest potato producer and fifth largest walnut producer in the world.

Notably, back in August of 2011, Ukraine offered to create the world's grain reserve under the auspices of the United Nations. It was planned that Ukraine would take on the responsibility to form the reserve of 10 to 12 million tons of grain, preserve it and make grain interventions on the market following the respective decisions by the UN.

SOURCE Worldwide News Ukraine

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs