Ukraine Considers Limiting Wheat Exports on Demand Pace
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Ukraine may decide to restrict wheat exports next month after demand accelerated faster than available supplies, said Volodymyr Klymenko, head of the country’s Grain Association.
Wheat shipments this season may reach 5.3 million metric tons by Nov. 15-20, a point that threatens to exhaust the country’s exportable surplus, First Deputy Agriculture Minister Ivan Bisyuk said today. Shipments have already reached 3.6 million tons since the marketing year began July 1, he said. The U.S. Department of Agriculture has estimated that Ukraine’s total exports in the 2012-13 season would only reach 4 million tons after drought curbed production.