Ukraine has approved a 20-million-ton-limit of wheat exports

Ukraine has approved a limit of wheat exports for this marketing year (hereinafter – the MY (from July 2019 to June 2020). This limit amounts to 20 million tons. According to the press-service of the European Business Association, this volume meets the requirements of the provisions of the Memorandum of Understanding between the Ministry of Economic Development, Trade and Agriculture of Ukraine and grain exporters, signed on October 3, 2019. According to the information presented in the announcement, the limit of grain exports for the 2019/2020 MY have been approved on March 30, 2020. According to the annex to the Memorandum, wheat exports must not exceed 20,2 million tons.

It has been also said in the announcement that in this MY, Ukraine plans to export 54,8 million tons of grain. As of March 30, Ukraine has already exported 45,4 million tons of cereal crops. This number also includes 17,8 million tons of wheat. According to the data provided by the Ministry of Economic Development, Trade and Agriculture, grain harvest in Ukraine in 2019 amounted to a record number (75,1 million tons) and this is 4 million tons more than in 2018. This amount includes 28,3 million tons of wheat (+ 15% in comparison with the previous year), 35,8 million tons of corn (+ 0,1%) and 8,9 million tons of barley (+ 21,2%). In 2018-2019 marketing year Ukraine exported a record number of grain crops (49,7 million tons). In 2018 grain harvest in Ukraine was 70,1 million tons.

Reference source: UNIAN


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