Ukraine: Ministry ready to limit grain exports


Agriculture Ministry in Ukraine is ready to limit exports of grains in case agreed quota with traders is not respected, to defend the local grains market. Sharp devaluation in the local currency almost 30% against the USD during last 10 days may spark exports.

This could lead to weaker consumption for local market. Ministry is ready to take adequate measures. The government and traders have agreed that no more than 1.2 million tonnes of milling wheat will be exported in the first half of 2015. Ukraine has exported around 8.7 million tonnes of wheat so far.