Press Release: Ukraine is going to cancel grain export limitation

The Government of Ukraine will possibly increase quotas for grain exports by one million tonnes – for wheat, and by 1.7 million tonnes – for maize, and then cancel the quotas imposition after March 2011, declared Nikholay Prysiazhnyuk, the Minister of Agrarian Policy and Food of Ukraine, on January 26.  

The Minister of Agrarian Policy added that his department will try to cancel quotas  in April, due to approaching of the new harvesting campaign beginning and coming of new grains on the market.

To date, the Ministry of Economy works out the project of the future Decree, which will be completely formed in February or till the end of March 2011. Ukraine imposed grains export quotas till March 31, 2011. The Russian Federation has existing grain export ban from August 15, 2010, till July 1, 2011.

Grains export quotas, imposed by the Government of Ukraine in the beginning of October 2010 till December 31, 2010, were prolonged till March 31, 2011. At the same time, the total volume was increased by 1.5 million tonnes – till the level of 4.2 million tonnes. Maize export quota was increased from two to three million tonnes, wheat – from 0.5 till one million tonnes.

If you are interested in meeting with leading Ukrainian grain exporting companies please attend the International Grain Trading Summit-2011 (hold in Sharm-el-Sheikh, Egypt on March 30- April 1). Organizer of the conference - APK-Inform

Sponsor of the company: Abo Donkol (Egypt)

You could find all info about conference in English and Arabic on our site  http://www.agrimarket.info/conferences/gtc2011/

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.