South Korea’s Posco International imported last week its first load of 41,000 tons of feed wheat from Posco’s new terminal at Mykolaiv.

South Korea’s Posco International imported last week its first load of 41,000 tons of feed wheat from Posco’s new terminal at Mykolaiv. Last year, Posco completed construction in Mykolaiv of its terminal with an annual capacity of 2.5 million tons. At the time, Ju Si-bo, president and CEO of Posco International, said of his company, largely known as a steel maker: “In the face of growing instability in the global grain market, the company seeks to turn the food business into the next engine of growth and create a stable food procurement system to ensure the country’s food security.” Since then, due to the coronavirus pandemic, 22 countries, have partially or completely stopped exporting food.