Ukraine will cancel the licensing of wheat exports, which will increase purchase prices for the new harvest
Wheat
Ukraine
Published Jun 28, 2022
Tridge summary
Revocation of wheat export licenses will revive shipments and increase demand and purchase prices for the new wheat harvest in Ukraine.
Original content
At a meeting with representatives of the European Business Association, First Deputy Minister of Agrarian Policy of Ukraine T. Vysotsky said that Ukraine plans to cancel the licensing of wheat exports in July, and recalled the active cooperation with Baltic and Polish partners to create alternative export routes for Ukrainian agricultural products. The Ministry is working to continue the abolition of quotas and duties for the duration of Ukraine's EU bid, as well as to improve legislation. Also in the near future at two checkpoints on the border with Poland - Krakow and Jagodina it is planned to separate the queues for the import of goods with perishable goods. Against the background of port blockades, grain purchase prices in Ukraine fell sharply, but the introduction of wheat export licenses further increased the pressure on prices, which fell to 5500-6500 UAH / t with delivery to the mill. Processors lower prices because they cannot export wheat bran and have to spend extra ...
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