AGROKOR PROVIDES FUNDS FOR THE PAYMENT OF THIS YEAR'S WHEAT CROP
Jul 30, 2002
Agrokor and Privredna Banka Zagreb signed an Earmarked Loan Agreement for the purchase of wheat. The agreed loan amount exceeds Kn 350m. The funds thus provided are intended to finance the biggest commercial deal on the domestic market, the payments to homesteads and legal persons for this year's wheat crop purchased by Agrokor trgovina. The payments to wheat producers start on 6th August, 2002, and within the agreed time all homesteads and legal persons shall be paid for this year's crop. The major part of the total quantity of 300 thousand tons of this year's wheat crop is intended for export. Agreements have already been signed with foreign partners for the export of 220 thousand tons of wheat, while for the needs of the Croatian population 80 thousand tons will be purchased.