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Cargill expands reach in Ukraine

01/13/2014 @ 11:56am

The expanding global population means that the world's breadbaskets are becoming more strategic, and grain-growing potential of Black Sea region prompts agribusiness giant Cargill to ink its second deal in the region in as many months. Cargill today secured 5% stake in Ukraine's Ukrlandfarming, the country's biggest agricultural producer, following mid-December purchase of 25% stake in a Russian grain terminal on the Black Sea, deals seen improving Cargill's access to the region's grain. Cargill and Ukrlandfarming say they'll orient their partnership initially around the grain trade and also may collaborate on logistics projects; terms of the deal weren't disclosed. (jacob.bunge@wsj.com; @jacobbunge)

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(END) Dow Jones Newswires

January 13, 2014 12:40 ET (17:40 GMT)

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