Ukraine Grain Traders to Restrict Wheat Exports, Izvestia Says

Ukrainian grain traders agreed to export no more than 1.7 million metric tons of wheat before the end of the marketing year on June 30, Ekonomicheskie Izvestia reported, citing an unidentified chairman of a trading company who took part in talks with the government.

The government and traders agreed that outbound shipments shouldn’t exceed 800,000 tons before March, the Kiev-based newspaper said.

That will bring wheat exports in the marketing year that ends on June 30 to 4.8 million tons, or half what traders wanted, Izvestia cited the trader as saying.

To contact the reporters on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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