Ukraine removes restrictions for grain export
Ukraine will remove restrictions for grain export introduced in October, Victor Yushchenko, President of Ukraine, said in an interview with Bloomberg agency. A definite answer will be formulated next week during the Government meeting considering this question.
According to estimations there are 2 mln tonnes of grain in Ukrainian elevators, in particular, barley and wheat, waiting for being exported. Ukraine is the 7th largest supplier of wheat in the world.
Prime-Minister of Ukraine, Viktor Yanukovych, has said that the government succeeded to stabilize the situation on grain market. In future it intends to regulate the grain market with the help of only market mechanisms. Quotas for grain were introduced because active sales of Ukrainian grains on foreign markets could lead to shortages inside the country.
Quotas for grains
The government decided to introduce quotas for grain export on October, 11, 2006. In particular, quota for export till the end of the current year for wheat and meslin (rye and wheat mixture) totals 400.000 tonnes, barley – 600.000 tonnes, maize – 600.000 tonnes and rye – 3.000 tonnes.
On December, 5, the Ukrainian said it will prolong quotas for grain export till the end of the marketing year (July 2006-June 2007) in total volume 1.106 mln tonnes.
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