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Financial Times: Ukraine re-imposes grain export controls; traders up in arms
Export restrictions introduced last year by Ukraine and neighbouring Russia, both affecting world grain producers, have already rattled global grain prices. Now Ukraine’s parliament has added to the controversy by voting to maintain export restrictions until at least early 2012 by replacing quotas in place since last year with duties of 9 to 14 per cent.Ukraine’s export restrictions have already imposed big losses on international agribusiness companies that have invested billions of dollars in farming, trading, storage, processing and export facilities. Read full report here.