June 14, 2011

 

Ukraine signs law to impose export duties on grains

 

 

Ukraine's president, Viktor Yanukovich, has signed a new law which will allow the country to impose 9-14% of customs duties for grain exports till 2012.

 

In particular, the law specifies that the government will impose the export duties till January 1, 2012, for the following grain varieties: Wheat, meslin and emmer wheat - 9% of the customs cost, but not lower than EUR17 (US$24.54) per tonne; Barley - 14%, but not lower EUR23 (US$33.20) per tonne; corn - 12%, but not lower than EUR20 (US$28.87) per tonne.

 

The export duties on grains will come into effect on July 1, 2011.

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