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Ukraine traders seek higher wheat export cap

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Grain traders in Ukraine have asked the government to increase the volume of wheat allowed for exports in the 2019-20 July-June season to 20m tonnes from the 19m proposed by the government, a source familiar with the negotiations said.

 

"They also suggest not specifying volumes of milling and feed wheat in the memorandum, indicating only the total volume of wheat available for export," the source said.

 

The government and traders sign an export memorandum each year to determine how much wheat is expected to be exported.

 

In the document, traders promise not to exceed the agreed export volumes while the government promises to keep export rules unchanged.

 

Ukraine harvested around 27m tonnes of wheat in 2018.

 

New Minister of Economy, Trade and Agriculture Tymofiy Mylovanov told Reuters last week that the annual wheat export memorandum with traders would be signed soon and there were no disagreements with traders.

 

Ukrainian grain exports have risen to about 11.1m tonnes so far in the 2019-20 July-June export season, up from 7.3m tonnes over the same period last year, agriculture ministry data shows.

 

The volume includes 6.75m tonnes of wheat, 2.45m tonnes of barley and 1.88m tonnes of corn, the ministry said.

 

Ukraine plans to harvest at least 70m tonnes of grain this year, almost the same as in 2018.

 

The ministry gave no export forecast for the whole season. In 2018-19 Ukraine exported a record 50m tonnes of grains.

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