KyivPost

Ukraine's agriculture ministry, grain traders to agree grain export volumes

Print version
July 31, 2012, 2:15 p.m. | Business — by Interfax-Ukraine

The Agricultural Policy and Food Ministry of Ukraine and representatives of nongovernmental organizations have agreed to determine and agree volumes of grain exports for the 2012/13 agricultural year.
© AFP

The Agricultural Policy and Food Ministry of Ukraine and representatives of nongovernmental organizations, including those uniting grain producers and exporters, have agreed to determine and agree volumes of grain exports for the 2012/13 agricultural year (July-June).

An Interfax-Ukraine correspondent has reported that an annex to a memorandum of mutual understanding between the government and profile nongovernmental organizations of Oct. 11, 2011 was signed in Kyiv on Tuesday.

The document foresees the prolongation of the memo's term.

It is expected that if restrictions on grain exports are introduced, the Agricultural Policy and Food Ministry will inform market players two months ahead of the decision being taken.

"The document [the memo of understanding] is important for the market, so as not to cause losses from a ban on grain exports announced earlier," President of the Ukrainian Grain Association Volodymyr Klymenko said after the signing of the annex to the memo.

Agricultural Policy and Food Minister Mykola Prysiazhniuk, in turn, said that there are no grounds for restricting grain exports in Ukraine. He said that taking into account the expected harvest of 45-46 million tonnes, and ending stocks of 11 million tonnes, the total supply of grain will cover the needs of the domestic market in full and will allow the country to export large volumes of grain.

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.