March 26, 2007

 

Ukraine grain association mulls cancel of wheat export quotas
 

 

The Ukrainian Grain Association has asked Vice-Premier Viktor Slauta to consider cancelling wheat export quotas and licensing from April 1.

 

The association, which unites Ukraine's grain trading companies, reports with reference to official statistics, the country's wheat stockpile was 4.5 million tonnes as of March 1, which is almost the level of 2006, when exports were unrestricted.

 

According to the association, local consumers will be unable to consume such volumes of grain before the new harvest grain arrives at the market.

 

What is more, the association says that mills and bakeries have already formed their own flour and grain stockpiles.

 

The association noted the vital issue is to prepare grain storage facilities in May 2007 in receiving next harvest's grain.