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PJSC “AGRARIAN FUND” STARTS FORWARD PURCHASES OF GRAIN OF 2016 CROP

PJSC "Agrarian fund" announced the beginning of the grain forward purchases program for the harvest of 2016. The overall volume of purchases during the fall forward program should reach 400k tons of grain. 350k tons - grain 2nd, 3rd class and 50k tons - rye of 1st, 2nd, 3rd class. The total amount of funds to be spent on the purchase of grains should reach 750 million UAH.

Purchase price is based on prepayment due to contracts, for corn is 2800 UAH / t wheat 2nd class - 3500 UAH / t, 3rd class - 3400 UAH / t.
The amount of prepayment is not less than 45% and do not exceed 65% from the total amount due to contract. The cost of using prepayment according to broker's board contracts 30% per annum.