The Agrarian Fund entered into forward contracts worth 500 million USD with farmers, agrarian policy and food minister of Ukraine Mykola Prysiazhniuk told a briefing in the Cabinet, ForUm correspondent reports.

"The Agrarian Fund entered into new forward contracts at the next harvest of 1.2 million tones of grain," he said.

According to the minister, this deal has enabled farmers to obtain additional financing. "Currently, the Agrarian Fund has allocated 500 million USD for the future harvest," Prysiazhniuk said.

In addition, the official said that the government and fertilizer manufacturers have agreed to provide fertilizer on forward terms.

In addition, the minister said that it was also agreed with fertilizer producers not to raise prices during peak demand.


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