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Sep
30

Ukraine traders demanded for higher wheat export cap

Ukraine’s grain traders has reportedly urged the government to increase the volume of wheat allowed for exports for 2019-20 July-June season to 20 million tonnes from the 19 million proposed by it. They have also suggested not specifying volumes of milling and feed wheat in the memorandum, indicating only the total volume of wheat available for export. The government and traders have signed an export memorandum each year to determine how much wheat is expected to be exported. Ukraine has harvested around 27 million tonnes of wheat in 2018. As per the Minister of Economy, Trade and Agriculture, the annual wheat export memorandum with traders would be signed soon and there were no disagreements with traders. According to the Agriculture Ministry recent data, Ukrainian grain exports have risen to about 11.1 million tonnes so far in the 2019-20 July-June export season up from 7.3 million tonnes over the same period last year. The volume includes 6.75 million tonnes of wheat, 2.45 million tonnes of barley and 1.88 million tonnes of corn. This year, Ukraine is estimated to harvest at least 70 million tonnes of grain almost the same as in 2018. In 2018-19 Ukraine exported a record 50 million tonnes of grains.