You're reading: Cabinet publishes resolution on cancelation of wheat and barley quotas

The Ukrainian Cabinet of Ministers posted on its Web site on Friday resolution No. 566 dated May 25 canceling export quotas on wheat and barley.

"The resolution takes effect on the day of its publishing," the document reads.

According to it, quotas on export of rye and buckwheat (1,000 tonnes for each) have been retained.

As reported, in early October 2010, the Ukrainian government introduced grain quotas for the period until December 31, 2010. The quotas were extended late in 2010 until March 31, 2011. The overall size of the quotas was increased by 1.5 million tonnes of grain, to 4.2 million tonnes.

Late in March 2011, the government decided to extend the grain quotas for one more quarter, having increased the quota for the export of corn by two million tonnes.

The government said that it had decided to cancel the quotas at a cabinet meeting on May 25.

On May 19, the Verkhovna Rada adopted a law introducing wheat export duties (9%, but not less than EUR 17 per tonne), corn export duties (12%, but not less than EUR 20 per tonne) and barley export duties (14%, but not less than EUR 23 per tonne). The president has not signed it, but if the law is signed it will take effect from July 1, 2011.