Ukrainian grain will find its way: The European Commission has prepared options to support its exports
Wheat
Published Jun 7, 2023
Tridge summary
The European Commission (EC) has extended for a year the abolition of EU import duties for Ukrainian goods and by the same document regulated the restrictions on the supply of certain types of Ukrainian agricultural products to Eastern European countries until September 15. The published EU statement, among other things, contains a description of measures that should help Ukraine export the crop next season. Taking into account that in the new agricultural year due to the military operation of the Russian Federation, the production of grain and their export volumes in the country will noticeably decrease, it will apparently now be possible to export them in almost any scenario.
Original content
The European Commission extended for a year temporary measures to liberalize EU trade with Ukraine, which were introduced in the summer of 2022 and included, in particular, the abolition of import duties for industrial products and the removal of all quotas and duties on the import of agricultural products, as well as the suspension of anti-dumping duties on the import of certain Ukrainian goods. At the same time, a new statement by the EC extended until September 15 the ban on the export of wheat, corn, rapeseed and sunflower from Ukraine to border countries Bulgaria, Hungary, Poland, Romania and Slovakia, introduced on May 2. Recall that since February, these countries have been complaining about the increase in agricultural imports from Ukraine over the past year, which, according to them, posed a serious threat to local farmers (see Kommersant on February 2). The EC document clarifies that the export ban is still needed due to "logistical problems" and "limited grain storage ...
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.