Ukraine softens stance on wheat export ban
Ukraine is softening its stance on banning wheat exports starting Nov. 15, as it has previously announced. Drought and high temperatures reduced wheat yields this year. Ukraine’s Agriculture Ministry announced it would consider all “necessary measures” if the country’s wheat stocks fell to a critical level.
“We will apply the necessary measures if a critical shortage of food grain appears,” Interfax Ukraine news agency quoted Ivan Bisyuk as saying. “At the present moment, we see no critical state with food grains.”
Last week, the ministry announced it would allow traders to fill all existing wheat export contracts, which totaled about 5.4 million tonnes. So far this season, Ukraine has exported 4.06 million tonnes. Earlier in October, the ministry said the country could export at least 5.5 million tonnes of wheat this season.
Although the country has backed off of a full ban by Nov. 15, it now looks like some limits will be imposed because Ukraine will not be able to keep up its exporting pace.
Traders have said the Farm Ministry promised to not to impose any export limits until Dec. 1. It is believed that the country can export 5.5 million tonnes without threatening its domestic market.
Ukraine has harvested 15.5 million tonnes of wheat in 2012 and consumes 12 million tonnes per season.
Self-contained hydraulic system with power cables (hydraulic). Tandem Henschen axles (hydraulic). Hydraulic fenders. Manual or hydraulic tilt. 6,500-gallon tank.
- Dry weather, biofuel mandate to boost palm prices in 2014
- 2014 Farm Bill: Reallocating base acreage
- FAS administrator talks world ag export situation
- The Beige Book is out. The agriculture picture is not rosy
- New precision potassium fertilizer from AgroLiquid
- Ag markets ended the week in decidedly mixed fashion
- Are you in favor of a federal labeling standard for food that might contain genetically modified ingredients?
- Commentary: Barking up the wrong tree
- Water allocation for most drought-stricken Calif. farms to end
- Larson Electronics offers 150 Watt LED high bay light fixture
- Growth Points: Big data is about to get even bigger
- Update on the world’s 15 largest seed banks
R&R Minuteman Blend System
R&R Manufacturing Inc.