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Cargill Investment in Ukrainian Port Increases Competition with U.S.

Cargill Investment in Ukrainian Port Increases Competition with U.S.

Photo: WNAX


Cargill is investing $100 million in a Ukrainian port to build a grain terminal on the Black Sea. That’s expected to boost Ukrainian farmers exports by an additional five million tons of grain. South Dakota Corn Grower’s President Keith Alverson says that will mean more competition for U.S. growers.

He says the U.S. already has some competitive advantages for global ag markets and needs to continue building that especially through upgrades in infrastructure.

Alverson says U.S. farmers also have a more consistent and high quality product than Ukrainian farmers to sell to customers around the world.

The new terminal is scheduled to be completed by the spring of 2018. Corn is the top grain export from the Ukraine.

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