Ukraine Officials and Grain Traders to Meet to Discuss Exports

Ukrainian government officials will meet with grain traders by the end of this month to discuss cereal exports, the European Business Association said.

Exportable wheat volumes rose to 5.5 million metric tons for the current marketing year begun July 1 after the Agriculture Ministry and leading grain shippers signed an addendum to a memorandum of understanding, the Kiev-based association said today in an e-mailed statement. The exporters are members of its Grain and Oilseed Committee, the group said.

“Having analyzed the current state of grain export in terms of ensuring national food security, the parties agreed that exportable volumes for wheat and mix of wheat and rye will not exceed the above-mentioned level,” the association said. “Further perspectives of grain export will be reviewed at a joint meeting of the parties to be take place before the beginning of December 2012.”

Ukraine’s wheat harvest fell 29 percent from a year earlier to 16.4 million tons as of November, official statistics showed yesterday. The government may decide to introduce temporary limits on wheat exports by the end of this month to avoid domestic shortages, Agriculture Minister Mykola Prysyazhnyuk said today in an interview with the Unian news agency.

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

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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