Ukrainian Agricultural Ministry Will Set 5 mln mt Grain Export Quota
OREANDA-NEWS. August 12, 2010.
Concorde Capital: in our view, should the export quota be approved, it would serve as a another stimulus for global grain price growth as Ukraine ranked among the top five exporters of corn, wheat, barley and rye last year, according to USDA. This should prevent domestic grain producers from fully enjoying currently high prices for crops and is likely to create an internal oversupply of grain as the suggested 5 mln mt quota represents half of our forecasted grain volume available for export this year.
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