Agreement with the international grain trader

In mid March the Company has signed a commercial agreement with the international grain trader, the Company’s long-term partner. According to this contract CMG has received advance payment in the amount of UAH 5 million for sale of the harvest in FY 2011/2012. The partners have already cooperated under such agreements in 2010 and 2011. The money will be used for sowing campaign. This agreement is not a forward contract, any crops prices and volumes are set for sale, CMG will be flexible in setting prices in fall 2012.

Such cooperation proofs CMG’s position as a reliable partner with its customers.