KIEV: The Ukrainian government has revoked the export licences for wheat and meslin, a blend of wheat and rye, according to a statement released by the nation's Agrarian Policy and Food Ministry on Friday.
Oats exports were banned in Ukraine in March, and wheat was added to the list of items that needed export permits.
In order to streamline sales and free up storage space for the next crop, Ukraine's association of grain producers, processors, and exporters, known as the "Ukraine Grain Association," petitioned the government to revoke the licences for wheat exports in April.
Ukraine exported 61.52 million tonnes of cereals and oilseeds during the 2021–2022 marketing year, including 18.7 million tonnes of wheat and 12,600 tonnes of oats.
According to the report, the licencing process makes it more difficult for processing companies to export wheat bran since they must overspend on wheat bran disposal and storage. This results in lower pricing for wheat in Ukraine.
Last month, a meeting with members of the European Business Association where it said that Ukraine intends to revoke its wheat export licence in July. It is also mentioned that active collaboration with partners in the Baltic and Poland is being conducted to develop substitute export routes for Ukrainian agricultural products. For the length of Ukraine's EU candidacy, the Ministry of Agrarian Policy is also working to abolish quotas and duties and to bring Ukrainian laws into compliance with European law.
Ukraine's economy to shrink by 35 pc in 2022