With last year’s 70 million ton bumper harvest overflowing silos, the government plans to spend $30 million this year to subsidize construction of 2 million tons of additional storage. In a first step, Grain Alliance, a large farming company in central Ukraine, intends to increase its elevator capacity by 40%, adding 100,000 tons, the company tells Interfax-Ukraine. Ukrzaliznytsia says it lost $18 million last year due to elevators not working on weekends.
With last year’s 70 million ton bumper harvest overflowing silos, the government plans to spend $30 million this year to subsidize construction of 2 million tons of additional storage.
