Ukraine wheat export limit for 2024/25 to be set at 15 mln t
The maximum export volume of Ukrainian wheat in 2024/25 MY is proposed to be set at 15.2 mln tons. This volume is stated in the annex to the Memorandum of Understanding between the Ministry of Agrarian Policy and the grain market players, APK-Inform reports.
"The maximum export volume of wheat and a mixture of wheat and rye (meslin) of all classes is 15.2 million tons," the draft annex reads.
For other grain crops, the draft annex does not specify the volumes of their permissible exports.
President of the Ukrainian Grain Association (UGA) Mykola Gorbachov told Latifundist.com that the wheat export limit has not yet been officially approved.
The UGA suggests setting this figure at 17 million tons. Following today's meeting, the parties agreed to 16.2 million tons (instead of the 15.2 million tons proposed by the Ministry). Gorbachov noted that another round of talks is scheduled for August 26 when the ultimate figure is approved.
Mykola Gorbachov
President of the Ukrainian Grain Association (UGA)
"Over the past 14 years, the Government has never used administrative mechanisms to restrict exports, so we expect it to remain so. We agreed that in January we will review the volumes based on the updated data provided by the State Statistics Service"
In May, the Ministry of Agrarian Policy and Food of Ukraine offered wheat producers and processors to consider returning to the practice of signing a joint memorandum between the Ministry and market participants on the volume of wheat exports to ensure the domestic market supply.
On July 19, acting Minister of Agrarian Policy and Food Taras Vysotskyi and grain market operators signed a Memorandum of Understanding for 2024/25.
The Memorandum was last signed on July 5, 2021. According to the document, the total volume of wheat exports of all classes in the 2021/22 season was limited to 25.3 million tons.
