Moldova may introduce restrictions on grain, sunflower and corn from Ukraine

Published 2024년 7월 4일

Tridge summary

The Moldovan authorities are considering reintroducing licensing on grain, sunflower, and corn imports from Ukraine to protect local farmers from price competition and potential social impacts. The move, proposed by the ruling PAS party, would allow individuals or legal entities in oils, flour milling, animal husbandry, and food production to obtain import licenses, valid until the end of 2024 with an option to extend for another year. This decision aims to prevent unlimited imports of these commodities from Ukraine, which could lead to local farmers' financial losses and insolvency.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Moldovan authorities may re-introduce licensing of grain, sunflower and corn imports from Ukraine. This is reported by Newsmaker. The relevant bill was initiated by the ruling PAS party. Import licensing was demanded by farmers under the threat of protests. It is assumed that individuals or legal entities engaged in the production of oils, flour milling, animal husbandry and the production of food for animals will be able to obtain an import license. According to the draft law, licensing will be valid until the end of 2024 with the possibility of extension for another year. The explanatory note states that in conditions of high production of cereals and sunflowers in Ukraine, it is difficult for Moldovan farmers to compete in terms of prices. The purpose of the draft law is to prevent unlimited imports of grains and sunflowers from Ukraine, which can lead to losses for farmers and the risk of their insolvency on loans, as well as a negative social impact on their families. ...
Source: Agropolit

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.