UkrAgroConsult Says Ukraine May Restrict Milling Wheat Exports

Ukraine’s milling wheat exports may be restricted next year if the current pace of shipments continues, researcher UkrAgroConsult said.

About 4 million metric tons of milling wheat can be exported in the marketing year that started July 1, according to an agreement between the government and traders, the Kiev-based researcher said today in an e-mailed note. The former Soviet state has shipped 1.3 million tons in the first two months, UkrAgroconsult said.

“Taking into account the estimate of port shipments, Ukraine wheat export capacity could be depleted by the end of 2012 if the current export pace is preserved,” the researcher said.

Ukraine limited grain exports in 2010 after dry weather damaged the harvest. This year’s harvest forecast was cut by 9.3 percent by UkrAgroConsult because wheat and corn yields declined after a summer drought.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

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

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