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Ukraine May Impose Wheat Export Quotas - Reports

© RIA Novosti . Alexandr Lyskin / Go to the photo bankUkraine May Impose Wheat Export Quotas - Reports
Ukraine May Impose Wheat Export Quotas - Reports         - Sputnik International
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Ukraine may introduce wheat export quotas, the Unian news agency said on Saturday citing grain traders.

Ukraine may introduce wheat export quotas, the Unian news agency said on Saturday citing grain traders.

The country’s agriculture and food ministry said on Friday about 1.3 million tons of wheat was being exported each month, which was almost double on last year. So by November 15-20, Ukraine’s wheat export reserves (about 5-5.3 million tons) could be exhausted.

Grain traders were told “to exercise a cautious approach in concluding new contracts.”

The ministry earlier ruled out the introduction of grain export quotas in 2012-13.

 

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