The Cabinet of Ministers canceled the ban on the export of rye and mineral fertilizers. An automatic licensing regime has been introduced for these products.

Currently, transitional rye residues in Ukraine are estimated at 73 000 tons, and grain production is planned at 351 000 tons. This will make it possible to ensure the internal need for consumption, which is 353 thousand tons per year.

Besides this, owing to the completion of the sowing campaign, the demand for the purchase of mineral fertilizers is significantly lower. And directing the surplus of these commodity positions to export will allow to increase the foreign currency income to the country, which is an important condition for economic recovery.

It should be mentioned that earlier the Government introduced a zero quota for the export of rye and mineral fertilizers, which actually meant a ban on their supply. Such measures were necessary to ensure the mandatory presence on the market of these critically important goods.

Reference source: https://bit.ly/3otQ57J