Bloomberg News

Ukraine, Russia, Kazakhstan Need Grain Pool, Azarov Says

November 24, 2011

Nov. 24 (Bloomberg) -- Ukraine, Russia and Kazakhstan should revive the idea of creating a Black Sea grain pool, said Mykola Azarov, the Ukrainian prime minister.

Should such a pool be formed the three governments, rather than grain traders, would set prices, Azarov said today in Astana, the Kazakh capital, according to a statement published on the government website.

The three countries may coordinate crop sales and share export facilities, Valeriy Muntiyan, Ukraine’s then-deputy economy minister, said in April. Yelena Skrynnik, Russia’s agriculture minister, put forward plans in 2009 to share port facilities on the Black Sea.

--Editors: John Deane, Ana Monteiro

To contact the reporters on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editors responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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