May 22, 2008

  

Ukraine cancels wheat and barley export quota

 

 

Ukraine's government Wednesday (May 21, 2008) canceled its wheat and barley export quotas, the country's Unian news agency reported, quoting the country's Finance Minister Viktor Pinzenik.

 

Ukraine earlier imposed export quotas as international grain prices soared. The measures, aimed at curbing inflation at home was opposed by grain producers as it became apparent that the country would have more than enough for its own needs and would not have enough storage capacity for the next harvest.

 

The cancellation of sunflower seeds and oil export quotas was not discussed at the cabinet meeting, the agency reported.

 

In April, the government extended till July the 2007-2008 export quotas on wheat, barley, sunflower seeds and sunflower oil.

   

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