Ukraine Ends Export Quota System

Posted by Nogger - a legend in his own mind at 12:52 | Categorized as

25/05/11 -- Ukraine's Agriculture Minister Nikolai Prisyazhnyuk has said today that "the government has approved a resolution canceling grain export quotas."

He went on to say that the country will export 8-9 MMT of wheat in 2011/12 (an increase of around 130-150% on this season), a figure in line with that from the USDA.

They also expect to export 5-6 MMT of barley, he added. That's an interesting figure as it's way above the USDA's current estimate of only 3.5 MMT, it would also represent an increase of 100-140% on the current marketing year.