China bought about 2 million tons of Ukrainian corn

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According to Reuters, with a citation on trade sources, since the beginning of this year China has contracted about 2 million tons of Ukrainian corn. Earlier, it was reported that China has purchased over 600 thousand tons of corn from Ukraine. Purchase of corn is being carried out within the framework of agreement signed between the governments of China and Ukraine in 2012.

Price of Ukrainian corn, which is 1 500 Yuan or $242 per ton, is much lower than price of corn of Chinese origin — 2 400 Yuan per ton.