November 6, 2007

 

Ukraine delays grain quotas to Jan 2008
 

 

Ukraine's government has decided to allow limited grain exports from Jan. 1, 2008 and not from Nov 1, 2007 as originally envisaged under export restrictions, the government said in a resolution published Monday (November 6, 2007).

 

The government source had said limited grain supply and a strong rise in world prices were the main reasons the quota was imposed.

 

Ukraine's 2007 grain harvest is likely to fall 18 percent to about 29 million tonnes from 34.25 million in 2006 after severe drought.

 

The anticipated drop prompted the government to introduce a grain export quota for the period from July 1 to November 1, 2007.

 

In September, the government again imposed a grain export quota of 1.203 million tonnes for the period from Nov. 1 2007 to March 31 2008. The quota includes 600,000 tonnes of corn, 400,000 tonnes of barley and 200,000 tonnes of feed wheat.

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