Ukrainian grain exports are on the verge of a complete stop

Ukraine's UGA trade body said "reckless" plans by the Kyiv parliament to change grain trade rules could completely halt Ukraine's key grain exports. On November 21, the bill passed in the first reading in the parliament, which changes the rules for the taxation of grain export transactions and may also introduce minimum prices for grain exports. The bill aims to minimize tax evasion on certain agricultural products such as grain and oilseeds. "The UGA is concerned about the possible complete stoppage of grain exports from Ukraine, as the parliament has adopted ill-advised amendments to the legislation on grain and oilseed exports, which create contradictions in legislation, including tax legislation," the organization said in a statement. They noted that some of the new requirements could not be met, and others could cause significant losses to traders and farmers alike. Ukraine was the world's fourth-largest grain supplier before Russia's February 2022 invasion, and by value, ...