The ban on the export of buckwheat will definitely be in effect until the end of the year in Ukraine- Ministry of Agrarian Policy

Published Oct 19, 2022

Tridge summary

Ukraine has extended its ban on buckwheat exports until the end of the year, with a decision on whether to extend the ban into 2023 to be made in November. The country needs 110,000 tons of buckwheat for domestic consumption and currently has a forecasted production of 140,000 tons. Despite the war, Ukraine's internal food security is ensured and there is no expected food shortage. Trade in agricultural goods between Ukraine and the European Union increased by 35% in the first eight months of 2022, reaching $9.2 billion.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Until the end of the year, the ban on the export of buckwheat will continue to apply in Ukraine. Taras Vysotskyi, First Deputy Minister of Agrarian Policy and Food of Ukraine, told about how long this ban will last and when it will be lifted. Follow the news in a convenient format: Follow us on Twitter "By the end of the year, the ban on the export of buckwheat will be in effect unambiguously, whether it will be extended from January 2023, we will understand at the end of November, since its collection is still ongoing. When we see that the production, which was forecast at the level of 140 thousand tons, will already be in our warehouse, then we will be able to talk about something. But there definitely cannot be free exports," he assured. At the same time, Taras Vysotsky noted that Ukrainians need 110,000 tons of buckwheat for domestic consumption. He also explained why the decline in the price of buckwheat is more gradual than predicted. "In September, there was an abnormal ...

Source: Landlord