Ukraine considers ban of wheat exports, - Deputy Economy Minister

Source : 112 Ukraine

This is possible if the sales exceed the limited sum that was agreed with traders
14:01, 22 April 2020

Open source

Ukraine might ban wheat export. This is due to the request of Ukrainian bakers who asked the Cabinet to limit these exports to keep the bread prices. Reuters released a story focused on the issue, turning to Ukraine's Economy Ministry for a commentary.

By now, in the 2019-20 season, the government exported 18 mln tons of wheat; this allowed Ukraine to keep another two million tons for export by the end of the season, which will be over in late June, according to the deal with wheat traders.

“If the pace of exports becomes such that we are exporting two million tonnes in April, so, as we agreed (with traders) and warned - we will have to implement the paragraph of the memorandum to stop exports. So far, the pace that we are tracking looks like we are not going to exceed these 2 million tonnes,” the news agency quoted Taras Vysotskiy, Deputy Economy Minister of Ukraine.

Related: Ukraine cuts wheat exports in April

The official warned that in the next season, wheat exports could reduce considerably. The reason is poor weather this spring that affected the sowing area in Ukraine, reducing it; in 2019-20, the amount made 20 million tons, and the next season, it is expected to make 12-15 million tons.

Related: Expensive buckwheat: What foods can go up in price due to coronavirus?

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