News

The government is asking Ukrainian exporters to sell feed wheat

Wheat
Ukraine
Published Jan 27, 2022

Tridge summary

Despite the high pace of exports, the Ukrainian Ministry of Agriculture does not see a risk of supply issues arising from domestic milled wheat stocks during the season. Nevertheless, traders are being forced to switch to feed grain for the remainder of the July-June 2021/22 farming season so that inflationary fears do not arise in the retail sector.

Original content

“For the time being, we do not see a scenario that would pose a threat to the domestic wheat market,” Deputy Minister Taras Vysotsky said at a recent meeting with traders and producers. He said the volume of milled wheat already exported is about 80 percent of the total export volume expected this season. According to the ministry, out of the 13.4 million tonnes expected for the season, 10.8 million tonnes of milled wheat have been exported so far. According to the ministry, 2.6 million tons of milled wheat can be exported in the remaining months of this season. The deputy minister advised traders to switch to feed grain exports so as not to help increase the domestic price of wheat. Ukraine has so far exported 5.3 million tons of feed wheat in 2021/2022, which is 45 percent of the amount available for feed wheat exports this season. Last month, two sources said Ukraine, one of the world’s largest grain producers, will consider restricting exports of milled wheat in the first half ...
Source: AgroForum
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