Ukrainian wheat exports from sea ports almost fell by half to 138,000 tonnes in the week of March 28 - April 3 from 277,000 tonnes a week earlier. This is evidenced by preliminary data from the APK-Inform, Reuters informs.
Nevertheless, the overall grain exports in that period rose to 1.021 million tonnes from 845,000 tonnes due to higher corn shipments.
Ukraine's Ministry of Development of Economy, Trade and Agriculture stated that it would control wheat export shipments, sell flour on the domestic market and agree with traders a maximum volume of wheat for export.
According to report that was made by APK-Inform, average prices for Ukrainian 12.5% protein food wheat added around four dollars per tonne over the past week to 219-222 dollars per tonne FOB Black Sea.
“Active growth in wheat prices was caused by ... a tightening of quarantine measures, as well as by introduced restrictions in a number of exporting countries,” the report reads.
As we reported earlier, on March 3, the Cabinet of Ministers of Ukraine approved the decree, according to which the export of buckwheat will be forbidden until July 1, 2020.