October 18, 2011

Ukraine expects 10 million tonnes of grain export

In the first half of the 2011/12 marketing year, the Ministry of Agrarian Policy and Food Supplies anticipates 10 million tonnes of grain export, Mykola Prysiazhniuk, Agrarian Policy and Food Supplies Minister told the Ukrainian News agency.

The ministry expects volume of grain supplies may total seven million tonnes after the cancellation of export duties.

Prysiazhniuk reminded that by now, Ukraine had already delivered over three million tonnes of grain to foreign markets.

He also noted that at present, there is tendency to price increase in international market.

As Ukrainian News earlier reported, on October 12, Prysiazhniuk said that if Russia imposes restrictions on grain export, Ukraine could restore its position on the world grain market.

On May 19, the Verkhovna Rada endorsed the law on introduction of export duties for crops. On June 10, President Viktor Yanukovych signed the law.

The 9-14% customs duty on grain crops export came into force on July 1.

By September 19, Ukraine had exported 2.7 million tonnes of grain crops since the start of the 2011/2012 marketing year.

The Verkhovna Rada on October 7 set 0% export duties on wheat and corn until January 1, 2012.