14:18 18.01.2012

Ukraine to restrict grain exports if bread wheat exports sharply grow, says ministry

Ukraine could introduce restrictions on grain exports if bread wheat supplies to foreign markets sharply increase, Agrarian Policy and Food Minister Mykola Prysiazhniuk said at a briefing in Kyiv on Wednesday.

"If there are no sharp increases in exports of bread wheat, there will be no need for the state to regulate exports," he said.

The minister said that Ukraine since the start of the current agricultural year has supplied 10.4 million tonnes of grain to foreign markets, including 5.8 million tonnes of corn and 2.7 million tonnes of wheat – of which 1.4 million tonnes was bread wheat.

He said that taking into account internal demand for grain, Ukraine could supply up to five million tonnes of bread wheat to foreign markets in the 2011/12 agricultural year.

Prysiazhniuk also said that in the second half of the current agricultural year total grain exports from Ukraine are expected at 12-14 million tonnes.

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