United grain company (UGC) plans to buy Swiss grain trader Grainexport to the end of the year, said the head of UGC Marat Shaydaev in interview to Agency Bloomberg. With this purchase, the UGC intends to increase the supply of grain abroad to 2 million tons per year, said Chagaev.

In addition, Grainexport will be able to obtain loans in dollars, he added. UGC was founded in 2009 to support domestic agricultural companies and development of infrastructure of grain market. Is the state agent at carrying out of purchasing and commodity interventions in the grain market.

The state owns 50% plus one share in UGC, the remaining shares are in the group "Amount". Grainexport company based in Lausanne. At the moment, according to the Agency, it does not lead activity.