October 2, 2006

 

Ukraine should limit wheat exports if it hopes to avoid imports

 

 

Ukraine has exported 1.1 million tonnes of wheat, including 75 percent of milling wheat, the analyst of APK-Inform, Natalya Shelest said.

 

The wheat crop of 13.9 million tonnes for 2006 would cover the internal needs of the country. However, this is pre-conditioned on the fact that export level would not exceed admissible levels totalling 3 million tonnes, Shelest said.

 

Ukraine may find itself having to import wheat at high prices if it does not keep a lid on its own exports, she said.

 

In 2005/06, Ukraine exported 6.43 million tonnes of wheat, almost a-third of a harvest totalling 18.7 million tonnes.