At the beginning of 2011, the Government of Ukraine plans to examine the possibility of cancellation of grain export quotas, declared Nikholay Prysiazhnyuk, the Minister of Agrarian Policy and Food of Ukraine , on December 22.

According to the Minister, the Prime-Minister provided the order to actually cancel the quota regime at the end of January – beginning of February.

At the same time, he marked that the Government will make the decision taking into account the presence of sufficient grain volumes in the country.

As a reminder, from October 19 till December 31, 2010, Ukraine imposed quotas for exports of 2.7 mln tonnes of grains, including 0.5 mln tonnes of wheat, 0.2 mln tonnes of barley, 2 mln tonnes of maize, 1 thsd tonnes of rye and buckwheat each.

At the beginning of December, N.Prysiazhnyuk informed that the Government prolonged the terms of grain export quotas till March 31, 2011, and increased the quota volumes by 1.5 mln tonnes for the period. However, the corresponding governmental document was not promulgated yet.

Finchannel