EU allowed this week licences to import 325,254 t of Ukrainian wheat. Until now totaly allowed imports were cca 770,000 t out of a total volume of 950,000 t available in 2015.
The wheat quota was created last year, along with similar quotas for maize and barley, as part of a trade deal between the EU and Kiev.

In February grain exports from Russia dropped significantly. The reason - export tax introduced from 1st February. The tax is set at 15% of the customs price plus 7.50 Eur/t, but no less than 35 Eur/t.


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.