Ukraine may supply food world over - EBRD

Commenting the perspectives of investing this country's agrarian sector, EBRD Director for Ukraine Andre Kuusvek noted that the bank is considering prospects for participation in the Ukrainian government's project for the creation of wholesale agricultural markets.

Earlier, Ukrainian concern Bears Food Ingredients and the National Agricultural Chamber of Ukraine offered the EBRD participation in the project for the creation of seven wholesale agrarian markets. They must be built before 2014. It is planned that the turnover of those markets will reach about USD 3 billion. The project must be redeemed in seven or ten years.

The Agricultural Policy Ministry of Ukraine intends to complete the development of the state target program for the creation of wholesale agricultural markets by April 2009. One of the variants provides for creation of a wholesale market in each of Ukraine's 24 regions, and the Autonomous Republic of Crimea. The project of Bears Food Ingredients and the National Agricultural Chamber may become a component part of the state program.