October 19, 2011

 

Ukrainian grain export duties to be removed

 

 

Ukraine's head of state may lift export duties on wheat and corn in the near future.

 

The president of the Ukrainian Grain Association (UGA), Vladimir Klimenko, said the law would be adopted in any case.

 

According to the Director of the Department of Agrarian Market of the Ministry of Agriculture and Food, Sergey Kvasha, uncertainty about cancellation of duties affects the intensity of grain exports from Ukraine. However, he said, market participants are waiting for the signing of this law by the President in the near future.

 

Kvasha informed that since the beginning of the current marketing year till mid-October, Ukraine exported 1.625 million tonnes of wheat, 1.67 million tonnes of barley, 500,000 tonnes of corn and 530,000 tonnes of rapeseed.

 

Currently, the Ukrainian ports have 1.26 million tonnes of grains, including 660,000 tonnes of wheat and about 300,000 tonnes of barley and corn.